PNC Agents $550MM Revolver for Advanced Drainage
Advanced Drainage Systems completed a $550 million revolving credit facility with PNC as administrative agent.
Advanced Drainage Systems completed a $550 million revolving credit facility with PNC as administrative agent.
Blackbaud entered into a new $700 million credit facility that includes a $300 million senior secured term loan and a $400 million senior secured revolving credit facility. Bank of America served as administrative agent.
PNC Bank closed a $37 million senior secured credit facility for Derby Fabricating Solutions, a portfolio company of Prophet Equity Management.
Global consulting and technology services provider ICF amended its credit facility to allow for borrowings of up to $900 million. PNC Capital Markets, Citizens Bank and Wells Fargo Securities acted as joint lead arrangers.
Arch Coal refinanced its senior secured term loan and increased the term loan to $300 million from $250 million. Credit Suisse served as administrative agent for the transaction.
Keane Group closed a new $150 million asset-based revolving credit facility to replace its existing $100 million ABL revolver. Bank of America will serve as the administrative agent for the new facility.
Energy Transfer Equity entered into a $2.2 billion senior secured term loan agreement with Credit Suisse, Cayman Islands Branch as administrative agent.
Columbus McKinnon completed its acquisition of STAHL CraneSystems. Debt financing to support the transaction was provided by a lender group led by JPMorgan Chase serving as administrative agent.
Medspace closed a senior secured term loan facility of $165 million and a revolving credit facility of $150 million with Wells Fargo as administrative agent.
Vector Security, a provider of security solutions to residential and business customers, entered into a $300 million credit agreement led by PNC Bank as administrative agent.