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.
Trinity Capital, a specialty lending company that provides debt, including loans and equipment financing, entered into a new $300 million credit facility led by KeyBank as administrative agent and syndication agent.
SmartStop Self Storage exercised $200 million of its accordion under its existing multi-currency credit facility with a syndicate of banks led by KeyBank, Wells Fargo, Citibank and Bank of Montreal. KeyBanc Capital Markets and KeyBank served as joint lead arrangers and administrative agents.
Physicians Realty Trust entered into a third amended and restated credit agreement, which, among other things, increased the amount of commitments under the revolving credit facility to $1 billion. KeyBank served as administrative agent for the amended credit facility.
INDUS Realty Trust, as parent guarantor, INDUS RT, LP, as borrower, and certain subsidiaries of INDUS RT, LP, as guarantors, attained a secured revolving credit facility of up to $100 million. JPMorgan Chase Bank is the administrative agent for the facility.
Olympic Steel, a national metals service center, amended and extended the maturity of its existing $475 million, five-year asset-based revolving credit facility through June 16, 2026. Bank of America is the administrative agent and joint lead arranger for the facility.