TD Supports FirstService Acquisition of Global Restoration

FirstService has completed its acquisition of approximately 95% of Global Restoration Holdings for a purchase price of approximately $505 million. TD Bank led a $890 million facility to support the transaction.

Hercules Capital Receives New $200MM Facility Arranged by MUFG

Hercules Capital replaced its existing $100 million credit facility with MUFG Union Bank with a new $200 million credit facility, under which City National, Umpqua Bank, Hitachi Capital America and Mutual of Omaha Bank joined MUFG as lenders.

MUFG to Acquire Supply Chain Finance Platform from GE Capital

MUFG Union Bank will acquire supply chain finance platform Trade Payable Services from GE Capital. The deal marks the third major divestment by GE Capital over the last six months.

BofA Agents $3.15B Facilities for Drugstore Giant Rite Aid

Rite Aid entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility. Bank of America served as both administrative and collateral agent on the facilities.

MUFG Union Bank Names Higgins CIOO

Christopher P. Higgins joined MUFG as chief information and operations officer for MUFG Americas Holdings and its U.S. banking subsidiary, MUFG Union Bank.

MUFG Acquires Intrepid Investment Bankers Middle Market Platform

MUFG Union Bank signed a definitive agreement to acquire Intrepid Investment Bankers, a leading Los Angeles-based regional middle market investment banking firm.

MUFG Agents Chesapeake Energy $3.8B Revolver

Chesapeake Energy amended its senior secured revolving credit facility agreement, receiving initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3 billion borrowing base the company was seeking.

Wells Fargo Agents $500MM Revolver for PBF Logistics

PBF Logistics amended and extended its five-year revolving credit facility, increasing the commitments from $360 million to $500 million. Wells Fargo served as administrative agent for the 20-bank syndicate.

BofA Agents $175MM Upsize for WEX

WEX has repriced its senior secured credit loans under its existing credit facility, extending the deadline to July 1, 2023, increasing the revolver by $150 million and providing an additional $25 million tranche A term loan.

Deutsche Bank, Others Provide $500MM Loan to Wings Capital

Wings Capital Partners closed a $500 million secured loan facility with a syndicate of six major international banks. Deutsche Bank acted as structuring agent on the transaction.