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.
According to an 8K filed with the SEC, KeyBank is the administrative and collateral agent for a $125 million asset-based revolving line of credit and Jefferies Finance is the administrative and collateral agent for a $300 million term loan for PetIQ.
Great Rock Capital upsized its leverage facility with KeyBank. The upsized facility includes the addition of new partners Huntington National Bank, First Foundation Bank and Hitachi Capital America.
KeyBank named Rachael Sampson senior vice president and director of Key4Women. Sampson will lead a nationwide network to promote and support women business owners and clients toward growth.
KeyBank provided debt financing for Palladin Consumer Retail Partners’ investment in Leapfrog Brands and a revolving credit facility to support future growth.
Deutsche Bank served as administrative agent on the expansion of TriplePoint Venture Growth’s revolving credit facility to $325 million. Existing lenders include KeyBank, TIAA, FSB, MUFG, Hitachi Capital and NBH Bank. Customers Bank joined as a new lender.
Purple Innovation executed a new five-year $100 million senior secured credit facility, consisting of a $45 million term loan and a $55 million revolving line of credit, with a group of financial institutions led by KeyBanc Capital Markets.
SunTrust Robinson Humphrey, Citizens Bank, Regions Capital Markets and KeyBank served as joint lead arrangers on a $65 million revolving credit facility for ProSight.
A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
As part of a syndicate of 14 banks, Citigroup served as a joint lead bookrunner and joint lead arranger for a new $280 term loan facility for Harsco Corporation.