A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
According to an 8K, PNC Bank will serve as administrative agent on a $75 million asset-backed revolving credit facility for Pioneer Energy Services in conjunction with the company’s emergence from Chapter 11 bankruptcy protection.
According to an 8K filed with the SEC, PNC Bank served as administrative agent and PNC Capital Markets served as structuring agent on a new three-year $75 million accounts receivable facility for Covia.
According to an 8K filed with the SEC, U.S. Bank served as disbursing and collateral agent on an amendment to a term loan agreement for Quantum while PNC Bank served as administrative agent for an amendment to the company’s revolving credit agreement.
As part of a syndicate of 14 banks, Citigroup served as a joint lead bookrunner and joint lead arranger for a new $280 term loan facility for Harsco Corporation.
According to an 8K filed with the SEC, JPMorgan Chase Bank served as administrative agent for an increase of $60 million to $260 million for the senior secured revolving credit facility of UGI Energy Services, a subsidiary of UGI Corporation.
Bank of America, JP Morgan Chase and PNC Bank served as joint lead arrangers and joint book runners on a $750 million credit facility for TopBuild.
Covia took a series of actions to improve its financial flexibility, including a commitment from PNC Bank for a new three-year year credit facility for up to $85 million.