First Wind announced that it closed financing for its 148 megawatt (MW) wind project in Aroostook County, ME. KeyBank served as joint lead arranger and administrative agent on the construction loan.
Rex Energy announced an increase the company’s borrowing base under the company’s facility by 15%, from $325 million to $375 million. KeyBank acted as administrative agent.
XPO Logistics announced it obtained bank commitments to amend its ABL facility to increase the amount of financing capacity from $125 million to $415 million. Morgan Stanley, others led the facility.
Lehigh Gas Partners announced it entered into a new $450 million credit facility with a lender group led by Citizens Bank of Pennsylvania as administrative agent.
Middle market business leaders are taking cautious steps toward growth, according to results of KeyBank’s monthly Middle Market Business Sentiment Survey.
Bob Evans Farms announced it entered into a $750 million amended revolver. PNC Bank acted as administrative agent, and PNC Capital joint lead arranger and sole bookrunner.
National Health Investors announced it completed acquisition of 25 independent living facilities with cash and $250 million from a new term loan. Wells Fargo, others served as arrangers.
First Wind announced that Morgan Stanley and several lenders arranged a $320 million term loan B debt facility and a $75 million letter of credit facility for a joint venture with Emera, Northeast.
AngioDynamics announced it amended its existing credit facilities and successfully refinanced its long-term debt. JPMorgan Chase acted as lead bank; Bank of America and Key Bank acted as co-arrangers.
Epiq Systems closed a new $400 million senior secured credit facility. KeyBank, PNC Bank and Silicon Valley Bank served as joint lead arrangers.