Ampco-Pittsburgh entered into an amended and restated credit agreement consisting of a $100 million, five-year asset-backed revolving line of credit with a $30 million accordion feature. PNC Bank will continue to serve as administrative agent for the credit facility.
JLL Income Property Trust secured a $650 million credit facility with a syndicate of eight real estate lenders, including JPMorgan Chase Bank as administrative agent, co-syndication agent, joint lead arranger and joint bookrunner.
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.
A syndicate of banks including Goldman Sachs acted as joint bookrunners and joint lead arrangers in connection with a new term loan B facility of $500 million as part of Harsco’s amendment to its senior secured credit agreement.
Wells Fargo Securities, Citigroup Global Markets, PNC Capital Markets and RBC Capital Markets acted as joint lead arrangers for an amendment to Diversified Healthcare Trust’s revolving credit loan agreement.
JPMorgan Chase and a syndicate of banks arranged a five-year, $180 million term loan and a $70 million revolving credit facility to refinance existing debt for Avid, a media and entertainment technology provider.
Citigroup Global Markets, BofA Securities, PNC Capital Markets, U.S. Bank and Wells Fargo Securities served as joint lead arrangers for a $200 million term loan for TravelCenters of America.
Wells Fargo Securities, BofA Securities, PNC Capital Markets and RBC Capital Markets acted as joint lead arrangers and joint lead bookrunners on an amendment to Service Properties Trust’s $1.4 billion credit agreement.
QTS Realty Trust, a provider of hybrid colocation and data center solutions, entered into a new six-year $250 million term loan. Combined with the company’s current $1.7 billion unsecured credit facility, the term loan increases its aggregate unsecured credit facility capacity to $1.95 billion.