Patrick Industries amended its credit agreement to consist of a $550 million revolving credit loan and a $100 million term loan.
Patrick Industries completed the acquisition of Marine Accessories and expanded the size of its credit facility to $900 million. Wells Fargo served as administrative agent for the credit facility, consisting of a $800 million revolver and a $100 million term loan.
Deloitte Corporate Finance acted as the exclusive financial advisor to Larry Methvin Installations on its sale to Patrick Industries, a manufacturer and distributor of building products.
Patrick Industries completed the acquisition of the business and certain assets of Medallion Plastic and expanded the size and extended the maturity date of its existing credit facility with Wells Fargo as administrative agent.
Patrick Industries expanded its existing credit facility to $360 million.
Patrick Industries completed its acquisition of North American Forest Products. The company also entered into an amendment with a lender group led by Wells Fargo to support the acquisition.