Stonebriar Commercial Finance extended its $1 billion revolving warehouse credit facility agented by Bank of America to 2025. Mitsubishi UFJ Financial Group (MUFG) joined the facility as a new participating lender.
Castleton Commodities International closed on a $1.7 billion borrowing base facility. BNP Paribas, MUFG, Société Générale, Citibank, Coöperatieve Rabobank, Credit Agricole Corporate and Investment Bank and Natixis served as joint lead arrangers and joint bookrunners for the facility.
MUFG Union Bank, BMO Harris Bank, Wells Fargo, BOK Financial, First Horizon Bank, Arvest Bank and Commerce Bank increased America’s Car-Mart’s existing line of credit to from $241 million to $326 million. MUFG joined the group as a new lender.
According to the capital markets group at MUFG, 2021 is projected to be a strong year for leveraged finance led by merger and acquisition and refinancing activity.
Deutsche Bank served as administrative agent on the expansion of TriplePoint Venture Growth’s revolving credit facility to $325 million. Existing lenders include KeyBank, TIAA, FSB, MUFG, Hitachi Capital and NBH Bank. Customers Bank joined as a new lender.
ING Bank coordinated the refinancing of Royal Boskalis Westminster’s revolving credit facility, which will provide the company with €500 million ($547.37 million) in committed bank financing until April 2025.
Hercules Capital has replaced its existing $200 million credit facility with MUFG Union Bank with a new $400 million credit facility.
TPG Specialty Lending has increased its revolving credit facility from $1.245 billion to $1.315 billion and extended the final maturity date by approximately one year, to January 31, 2025.