Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.
Alto Ingredients, a producer and distributor of specialty alcohols and essential ingredients, entered into a $125 million senior secured term loan facility with certain funds managed by Orion Infrastructure Capital.
Tolmar Pharmaceuticals, a fully integrated pharmaceutical company, through its affiliate, Tolmar, acquired of all rights to JATENZO from Clarus Therapeutics Holdings and its wholly-owned subsidiary Clarus Therapeutics.
Aristotle Capital Management and Pacific Life Insurance, a mutual life insurance company, jointly announced Aristotle’s planned acquisition of Pacific Life’s third-party credit asset management firm, Pacific Asset Management, whose clients include Pacific Funds.
Service Properties Trust (SVC) amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.
Itafos entered into credit facilities with a syndicate of lenders led by RBC Capital Markets, pursuant to which the lenders have advanced an $85 million term loan to the company and made available a $35 million letter of credit facility and an $80 million asset-based revolving credit facility.
Dollarama amended its existing syndicated credit facilities to convert them to a sustainability-linked loan with available credit of C$1.05 billion ($808 million). RBC Capital Markets and CIBC acted as co-sustainability structuring agents.
Kinross Gold Corporation arranged a new $1 billion term loan. The Bank of Nova Scotia, HSBC Bank Canada and RBC Capital Markets were the joint lead arrangers of the facility.
Diversified Healthcare Trust amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to January 2024. Wells Fargo is the administrative agent for the facility.
CIFC Asset Management partnered with the deal parties of its latest CLO, CIFC Funding 2022-II, to make a collective contribution of more than $225,000 to the TEAK Fellowship.