Oportun Financial closed on a warehouse credit facility of $600 million. Wilmington Trust served as administrative agent. The new facility includes commitments from Morgan Stanley Bank, Goldman Sachs, Jefferies Funding and JPMorgan Chase Bank.
American Homes 4 Rent closed a $1.25 billion sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the facility, including Wells Fargo Bank as administrative agent.
Apartment Income REIT closed a new $1.4 billion credit facility. PNC Capital Markets and Wells Fargo Securities led the syndication as joint bookrunners and lead arrangers. PNC Bank is also the administrative agent and sustainability agent for the facility.
Cypress Semiconductor amended its credit agreement with a group of lenders led by Morgan Stanley Senior Funding, as administrative agent and collateral agent, and Morgan Stanley Bank as issuing bank.
Oaktree Specialty Lending entered into a new secured revolving credit facility with a $600 million capacity and a maturity date of November 2020.
Triangle Capital, a provider of capital to lower middle market companies, received a new commitment of $15 million from United Community Bank to its senior secured credit facility.
Renew Financial, a clean energy and home improvement finance company, closed a $300 million revolving credit facility with Morgan Stanley Bank and Barclays Bank.
Ares Management closed its amended and restated revolver that was entered into in connection with the company’s initial public offering. Merrill Lynch, Pierce and others acted as joint lead arrangers.