Bank of America Upsizes PRA Group Facility to $1.2B

PRA Group expanded its North American credit facility to $1.2 billion, consisting of a $450 million term loan and a $755 million revolver. Bank of America was administrative agent for the transaction.

Union Bank Expands SBA Lending Group

MUFG Union Bank expanded its Small Business Administration Lending with the addition of new vice presidents Craig Cornwell, Billy Szeto, Jeff Theiler and Sam Vichattu.

BofA Upsizes NuVasive Revolver to $500MM

NuVasive, a medical device company focused on transforming spine surgery, expanded its revolving line of credit from $150 million to $500 million. Bank of America was administrative agent for the transaction.

MUFG Union Bank Agents WageWorks $400MM Revolver Amendment

WageWorks entered into an amendment to its credit agreement which provides for a $400 million revolving credit facility, with a $15 million L/C sub-facility from a lender group led by MUFG Union Bank as administrative agent.

U.S. Bank Agents Interim Credit Facility for Roadrunner

Roadrunner Transportation Systems reached an agreement with its lender group on an interim credit-facility amendment, which provides additional working capital loans and a forbearance provision, while working toward a long-term loan amendment.

CoBank Agents $330MM Hawaiian Telcom Facility

Hawaiian Telcom entered into a credit agreement that provides for up to $330 million. CoBank served as administrative agent.

JPMorgan Agents $1.75B Facility for Teleflex

Teleflex refinanced its credit facilities with JPMorgan as administrative agent, providing a $1 billion five-year revolver and a $750 million delayed draw loan to support the company’s acquisition of Vascular Solutions.

U.S. Bank Agents Black Hills Revolver Upsize

Black Hills upsized its revolving credit facility to $750 million from $500 million with a bank group led by U.S. Bank as administrative agent. The company also closed on a $500 million term loan with a lender group led by JPMorgan Chase as agent.

MUFG Agents $210MM Acquisition Financing for White Star Petroleum

White Star Petroleum closed on the acquisition of shale assets from Devon Energy for $200 million. MUFG Union Bank served as administrative agent for a lender group that provided $210 million of term financing to support the deal.

Regions Agents Ebix Upsize Facility to $400MM

Software provider Ebix expanded its existing credit facility from $240 milion to $400 million to fund its growth and share repurchase programs.
Regions Bank served as administrative and collateral agent for the transaction.