Motorcar Parts of America extended the maturity date of the loan agreement of its existing credit facility with PNC Bank to May 2026, including amendments which further enhance the company’s liquidity base.
R.R. Donnelley & Sons completed an amendment to the credit agreement for its senior secured asset-based revolving credit facility. Bank of America, JPMorgan Chase Bank, PNC Bank and Wells Fargo Bank are the joint lead arrangers and joint book runners for the agreement.
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.
Wholly-owned subsidiaries Evoqua Water Technologies entered into a credit agreement with JPMorgan Chase Bank and a receivables financing agreement with PNC Bank.
TTEC Holdings, a customer experience software firm, amended its credit facility by exercising its accordion feature to increase the total commitments by $300 million to $1.2 billion. Incremental commitments were provided by a syndicate of banks arranged by Wells Fargo.
Universal Stainless & Alloy Products amended and restated its five-year $120 million asset-based lending credit agreement with PNC Bank. The new agreement includes a revolving credit facility of $105 million and increases the term loan facility to $15 million.
Peapack-Gladstone Financial appointed Maureen O’Hara to the role of senior managing director, commercial private banker of its commercial and industrial business. O’Hara most recently served as a principal relationship manager at Wells Fargo.
Capital Southwest agented a first lien term loan to support O2 Investment Partners’ investment in Flip Electronics. PNC Bank served as first-out lender on the transaction and provided a revolving credit facility. Main Street Capital also served as a last-out lender on the term loan.
PNC Bank provided Luna Innovations Incorporated, a provider of optical technology, with a secured debt facility of $27.5 million. The agreement includes a three-year $12.5 million term loan facility and a three-year $15 million revolving credit facility.