Scotiabank, Others Lead Pinnacle Facility Upsize to $530MM

Pinnacle Renewable has expanded its credit facility to $530 million with a syndicate of lenders led by the Bank of Nova Scotia, Bank of Montreal, Royal Canadian Bank and CIBC.

RBC Agents Chaparral Facility Upsize to $700MM

Chaparral Energy completed its regularly scheduled fall borrowing base redetermination with Royal Bank of Canada as administrative agent, increasing its credit facility from $400 million to $750 million.

RBC Upsizes Ackroo Revolving L/C to $350K

Ackroo received approval from the Royal Bank of Canada, in cooperation with Export Development Canada, to increase its current revolving line of credit from $200,000 to $350,000.

Barclays, Others Support T-Mobile, Sprint Merger

T-Mobile and Sprint agreed to merge in an all-stock transaction, a total implied enterprise value of approximately $59 billion for Sprint and approximately $146 billion for the combined company.

RBC, Others Support Francisco Partners Verifone Buy

An investor group led by Francisco Partners agreed to acquire Verifone for approximately $3.4 billion, including Verifone’s net debt. Credit Suisse, Barclays and Royal Bank of Canada will provide debt financing to support the transaction.

Jefferies, RBC Support Brazos Sale to NHIP II

Brazos Midstream Holdings agreed to sell its Delaware Basin subsidiary companies to North Haven Infrastructure Partners II. Jefferies Finance and Royal Bank of Canada will provide $950 million in debt financing to support the transaction.

Scotiabank Leads New AutoCanada Credit Facility

AutoCanada entered into a new credit agreement providing secured credit facilities of up to $1.08 billion, subject to certain conditions precedent to funding. Scotiabank led the facility, with CIBC, RBC, HSBC and ATB participating in the syndicate.

BofA Merrill Lynch, JPMorgan Lead $8B Coty Refi

According to Reuters, Bank of America Merrill Lynch and JPMorgan will lead an $8 billion debt refinancing for beauty company Coty.

BNP Paribas, GS, Others Lead Financing to Support MFG Buy

Clayton, Dubilier & Rice-backed Motor Fuel Group completed its acquisition of MRH, the UK’s largest petrol station and convenience retail operator. The transaction is valued at approximately £1.2 billion ($1.6686 billion).

Credit Suisse, Morgan Stanley Lead Financing to Support Bain Capital Buy

Reuters reported, citing bank sources, that in support of Bain Capital’s acquisition of NGA Human Resources, Credit Suisse and Morgan Stanley are leading debt financing