Churchill Downs Incorporated (CDI) amended its senior secured credit agreement to increase the loans under the existing Term Loan A credit facility due 2027 by $500 million. This amendment increases the existing Term Loan A credit facility due 2027 from $800 million to $1.3 billion.
Sotera Health, a global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry, closed on a senior secured Term Loan B facility in an aggregate principal amount of $500 million.
Franchise Group, an owner and operator of franchised businesses, upsized its existing first lien term loan of $300 million. JPMorgan Chase Bank acted as lead left arranger for the financing.
Cushman & Wakefield, a global real estate services firm, amended its current credit agreement that extends the maturity of $1 billion of its existing $2.6 billion senior secured term loan.
According to JPMorgan Chase’s recently released 2023 annual Business Leaders Outlook survey, the majority of small and midsize U.S. business leaders anticipate a recession in 2023, with 65% of midsize businesses and 61% of small businesses indicating as such.
Noble Corporation closed a new $350 million secured term loan. According to an 8K, DNB Capital, JPMorgan Chase, Nykredit Bank, Clifford Capital, Barclays Bank, Danske Bank, HSBC Bank, Nordea Bank and Morgan Stanely Senior Funding are mandated lead arrangers.
Federal Signal, a provider of environmental and safety solutions, completed a new five-year, $800 million credit facility to replace its existing $500 million credit facility. Wells Fargo will serve as administrative agent, swingline lender and issuing lender for the facility.
Callon Petroleum Company entered into an amended and restated senior secured revolving credit facility that extends the facility’s maturity to Oct. 19, 2027. According to an 8K filed with the SEC, JPMorgan Chase is the administrative agent for the facility.
Vista Outdoor closed its acquisition of CA-based Fox Racing for the purchase price of $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance.
Chemed entered $550 million of amended and restated senior secured credit facilities. JPMorgan Chase Bank acted as the administrative agent, and lead-left bookrunner and joint lead arranger.