PNC Agents Bob Evans $750MM Amended Revolver
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.
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.
KeyBank said it has been selected as a partner bank in the pilot program of the U.S. Global Business Solutions initiative, an interagency effort launched by the SBA to expand the reach of federal government export assistance.
Rex Energy entered into an amended credit agreement to expand its borrowing base to $325 million under the company’s senior secured credit facility with a lender group led by KeyBank serving as administrative agent.
Phillips EdisonARC received additional commitments totaling $145 million to its revolver, agented by KeyBank. Additional banks in the syndicate of lenders include BofA, JPMorgan, Wells Fargo and PNC Bank.
While all indicators, including recent articles in ABF Journal, pointed to the fact that activity decreased in 2012, KeyBank Business Capital’s Laurie Muller-Girard has noted that for the company, asset-based lending increased prompting the company to expand its division with new personnel to cover the growing market.
Phillips Edison-ARC Shopping Center REIT announced increased the borrowing capacity of its senior secured revolving credit facility, agented by KeyBank, from $40 million to $88 million.