Service Properties Trust entered into a $650 million secured revolving credit facility. Wells Fargo Securities, PNC Capital Markets and BMO Harris Bank are the joint lead arrangers and joint lead bookrunners for the credit facility.
Griffin Global Asset Management upsized its senior secured warehouse facility to $2 billion with a syndicate of 12 banks. UMB Bank is acting as the administrative agent and security trustee for the facility.
Excelerate Energy entered into an amended and restated senior secured credit agreement. Proceeds from the term loan facility are intended to be used for the acquisition of the FSRU Sequoia, which is currently under a bare boat charter with a third party until mid-2025.
Eastman Chemical Company amended and extended its $1.5 billion five-year unsecured revolving credit facility. The amended credit agreement was entered into with 15 banks, led by Citibank as administrative agent, joint lead arranger and co-sustainability agent.
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.