Mercury Systems has agreed to acquire the embedded security, RF and microwave, and custom microelectronics businesses of Microsemi. A Bank of America-led lender group will provide $340 million in financing to support the transaction.
Bonanza Creek Energy elected to draw down $209 million on its credit facility with a lender group led by KeyBank as administrative agent.
Installed Building Products entered into a new five-year, $325 million senior secured credit facility with an accordion feature. KeyBank was lead arranger, sole bookrunner and administrative agent.
TeleTech secured a $900 million credit facility with an accordion feature to increase up to $1.2 billion. Wells Fargo Securities, Bank of America Merrill, BBVA Compass, HSBC, Bank of the West and KeyBank served as joint lead arrangers.
CoreSite Realty entered into a new $100 million term loan. KeyBank served as administrative agent. KeyBanc Capital Markets, RBC Capital Markets, Regions Capital Markets, and TD Securities served as joint lead arrangers and joint book managers.
Brentwood Associates closed a dividend recapitalization financed through an expansion of an existing credit facility for Soft Surroundings.
TriplePoint Venture Growth has renewed its existing $200 million revolving credit facility. Deutsche Bank served as administrative agent and lender.
Federal Signal completed a new $325 revolving credit facility to replace its existing $225 million facility. Wells Fargo served as administrative agent. Wells Fargo Securities and J.P.Morgan Securities acted as joint lead arrangers.
SolarCity has closed a $160 million term facility. BofA Merrill Lynch served as mandated lead arranger and sole bookrunner. KeyBank and Silicon Valley Bank served as joint lead arrangers.
PRA Group expanded its credit agreement, increasing its domestic revolving credit facility to $725 million with a lender group led by Bank of America as administrative agent.