RBC Capital Markets Archives

Brightwood Capital Advisors Prices $319MM Middle-Market CLO

Brightwood Capital Advisors priced Brightwood Capital MM CLO 2023-1, a $319 million collateralized loan obligation. This CLO represents the fifth CLO issued by the firm since 2019.

September 21, 2023 Arlene Shaw | Brightwood Capital Advisors | GreensLedge Capital Markets | RBC Capital Markets | Sengal Selassie Ian Koplin

RBC and BofA Provide Bridge Financing Facility for J.M. Smucker’s Acquisition of Hostess Brands

The J. M. Smucker Co. signed a definitive agreement to acquire Hostess Brands for $34.25 per share in a cash and stock transaction. J.M. Smucker secured $5.2 billion in a fully committed bridge financing from Bank of America, and RBC Capital Markets in connection with the transaction.

Wells Fargo and RBC Provide $210MM Term Loan and $20MM Revolver Upsize to Tecta

Tecta America completed a $210 million incremental first lien term loan through joint lead arrangers Wells Fargo and RBC Capital Markets. Additionally, Tecta added $20 million of revolver capacity to its existing $165 million facility to support continued M&A and general corporate purposes.

August 28, 2023 Dave Reginelli | Marc Benson | RBC Capital Markets | Tecta America | wells fargo Ian Koplin

Credibly Announces Management Buyout

Credibly, a financial technology lending platform, completed a management-led buyback of all the outstanding equity investment previously held by a private equity firm.

August 8, 2023 Brean Capital | Credibly | Michael Seneski | RBC Capital Markets | Ryan Rosett Ian Koplin

Oaktree Capital Management Provides $250MM Term Loan to RYAM

Rayonier Advanced Materials (RYAM), a producer of high-purity cellulose specialties and other sustainable materials, obtained $250 million in aggregate principal amount of secured term loan financing from funds managed by Oaktree Capital Management.

JPMorgan Chase Upsizes HASI’s Revolver to $840MM

Hannon Armstrong Sustainable Infrastructure Capital (HASI), an investor in climate solutions, amended its revolving credit facility, increasing the committed line under the revolving credit facility by $240 million to $840 million. JPMorgan Chase Bank is the administrative agent for the facility.

Blackstone Completes Acquisition of Copeland, Formerly Emerson Climate Technologies

Blackstone completed the acquisition of a majority stake in Emerson’s climate technologies business in a transaction valuing the business at $14 billion. The new standalone business will be named Copeland.

Diversified Healthcare Trust Amends Credit Agreement with Lenders

Diversified Healthcare Trust (DHC) amended its credit facility. Wells Fargo Securities, RBC Capital Markets, Citibank and PNC Capital Markets acted as joint lead arrangers for the amendment to DHC’s credit agreement. Wells Fargo Bank is the administrative agent and collateral agent for the facility.

Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

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.

Orion Infrastructure Capital Provides $125MM Term Loan Facility to Alto Ingredients

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.

Tag Archives: RBC Capital Markets