Global Net Lease replaced its existing credit facility with a new, $1.45 billion corporate revolving credit facility that has a 4.5-year term and improved pricing that is 15 basis points lower than the facility it replaced.
Umpqua Bank added Dave Ericksen to its Pacific Northwest middle market banking leadership team as senior vice president and middle market director. Prior to Umpqua, Ericksen most recently served as an enterprise banker at Key Bank.
Wells Fargo and CIT Bank amended General Finance’s senior credit facility, increasing the maximum borrowing amount from $237 million to $260 million.
Home energy provider Star Group closed a $300 million asset-based revolving credit facility with JPMorgan Chase as administrative agent.
Tree Line Capital Partners expanded its lower middle-market direct lending platform with $267 million of new capital. The company also promoted Frank Cupido to partner.
Installed Building Products entered into a $300 million term loan B facility and a $100 million ABL facility. Royal Bank of Canada and SunTrust Bank served as administrative agent for the facilities.
National General Holdings entered into an amendment to its existing $225 million credit agreement that increased its letter of credit sublimit to $112.5 million.
Lithia Motors amended its credit agreement to increase its existing facility by $300 million to $2.05 billion and extended the maturity to July 2021. U.S. Bank served as administrative agent.
VOXX International entered into an amended $140 million credit facility with a $15 million sublimit for letters of credit and the right to increase the maximum revolver amount to $175 million.