Physicians Realty Trust closed on a $400 million term loan that will mature in May 2028. A total of seven lenders are participating in the term loan. KeyBank is acting as the administrative agent and a lender.
Hersha Hospitality Trust closed on the refinancing of a $500 million senior secured credit facility and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties.
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.
Truist served as administrative agent on an increase from $705 million to $740 million for the revolving credit facility of Main Street Capital, according to a related 8K filed with the SEC.
FirstService has completed its acquisition of approximately 95% of Global Restoration Holdings for a purchase price of approximately $505 million. TD Bank led a $890 million facility to support the transaction.
Main Street Capital expanded the total commitments under its revolving credit facility from $655 million to $680 million. BB&T served as administrative agent for the 17-bank lender group.
Triangle Capital, a provider of capital to lower middle market companies, received a new commitment of $15 million from United Community Bank to its senior secured credit facility.
Main Street Capital expanded the total commitments under its credit facility from $560 million to $585 million. BB&T served as administrative agent for the banking syndicate.
American Residential Properties renewed the agreement governing its revolving credit facility with a lender group comprised of Bank of America, Deutsche Bank, Morgan Stanley, KeyBank, Barclays and Raymond James.