International Money Express (Intermex) entered into a first amendment agreement to its amended and restated credit agreement, dated as of June 24, 2021, with KeyBank as administrative agent, and the other lenders from time to time party to the credit agreement.
Modiv, a real estate investment trust, exercised the accordion feature of its credit facility, increasing the credit facility to $400 million. The expanded credit facility now includes an updated accordion feature of up to $750 million. KeyBank is the administrative agent for the facility.
Radiant Logistics secured a $200 million syndicated secured revolving credit facility to replace its existing $150 million revolving facility. Concurrent with entering into new secured facility, the company also amended the term loans held by its Canadian lender, Fiera Private Debt Funds IV and V.
Star Group entered into a sixth amended and restated asset-based credit facility, which expires in July 2027 and provides the ability to borrow up to $400 million on a revolving line of credit. JPMorgan Chase Bank is the facility’s administrative agent.
Martinez Steel, an infrastructure construction services company, completed a refinancing with KeyBank. Proceeds will be used to fund continued growth driven by strong infrastructure demand as well as expansion plans.
KeyBank and Beach Point Capital Management, a credit focused investment manager, established a new joint venture middle-market direct lending program with $1.5 billion in lending capacity for U.S. middle-market clients.
Logan Ridge Finance refinanced its entire legacy capital structure, an important milestone and key strategic initiative for the company.
INDUS Realty Trust amended and restated its credit agreement to increase the size to $250 million with the addition of a new $150 million delayed draw term loan. JPMorgan Chase Bank is the administrative agent and Citibank is the syndication agent for the facility.
Mobile Infrastructure, a publicly registered, non-listed company which invests primarily in parking lots and garages in the United States, completed a $75 million revolving credit facility with KeyBank to refinance certain of the company’s current secured loans, as well as new acquisitions.
Espresso Capital closed a $200 million credit facility from KeyBank. A provider of venture debt solutions, Espresso Capital will use the facility to further expand its lending activities to technology and healthcare companies.