Centerspace closed on a $100 million term loan with PNC Bank as administrative agent. The loan currently bears interest at a floating rate of 1.20% to 1.75% over the SOFR based upon Centerspace’s leverage ratio and is for a term of one year with a one-year extension option.
Global professional services firm Huron amended and extended its senior secured credit facility.
Quotient Technology and PNC Bank closed a senior secured asset-based revolving credit facility in an initial aggregate principal amount of $50 million. Blue Torch Capital also committed to provide a senior secured term loan facility in an aggregate principal amount up to $55 million.
Federal Signal, a provider of environmental and safety solutions, completed a new five-year, $800 million credit facility to replace its existing $500 million credit facility. Wells Fargo will serve as administrative agent, swingline lender and issuing lender for the facility.
PNC Bank closed a $900 million senior secured credit facility for Big Lots. PNC served as administrative agent for the facility and PNC Capital Markets served as joint lead arranger and joint bookrunner.
VerifyMe, together with its wholly owned subsidiary PeriShip Global, provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication and data-rich consumer engagement, entered into a new debt facility with PNC Bank.
Cyxtera, a global provider of data center colocation and interconnection services, closed an accounts receivable securitization facility of $37.5 million with PNC Bank.
Wabtec signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility.
UMB Bank is serving as administrative agent for an amended $1.5 billion senior secured warehouse facility for two entities jointly established by Griffin Global Asset Management and Bain Capital Credit.
Chemed entered $550 million of amended and restated senior secured credit facilities. JPMorgan Chase Bank acted as the administrative agent, and lead-left bookrunner and joint lead arranger.