U.S. Physical Therapy closed a five-year, $325 million credit facility that includes a $150 million term loan and a $175 million revolver. The credit facility was arranged by BofA Securities and Regions Capital Markets, a division of Regions Bank, as joint lead arrangers.
Protective Life Corporation and its principal subsidiary, Protective Life Insurance, closed a five-year, $1.5 billion sustainability-linked revolving credit facility, which replaces its current $1 billion revolving credit facility. Regions Bank is the administrative agent for the facility.
WideOpenWest Finance, a subsidiary of WOW! Internet, Cable and Phone, priced and allocated a new credit facility consisting of a $730 million term loan and a $250 million revolving credit commitment. Morgan Stanley Senior Funding acted as the lead left arranger and joint bookrunner for the transaction.
Frontdoor, a provider of home service plans, closed a transaction to refinance its capital structure, including entry into new credit facilities totaling $890 million with JPMorgan Chase as administrative agent.
AdaptHealth increased its term loan by $100 million and expanded its borrowing capacity under its revolving credit facility from $250 million to $450 million. Regions Capital Markets acted as lead arranger and sole administrative agent. Citizens Bank and Truist Securities acted as joint lead arrangers.
Apartment Income REIT closed a new $1.4 billion credit facility. PNC Capital Markets and Wells Fargo Securities led the syndication as joint bookrunners and lead arrangers. PNC Bank is also the administrative agent and sustainability agent for the facility.
SunTrust Robinson Humphrey, Citizens Bank, Regions Capital Markets and KeyBank served as joint lead arrangers on a $65 million revolving credit facility for ProSight.
Barclays Bank, Regions Capital Markets, Citibank, US Bank, Wells Fargo Bank, Bank of America, Citizens Bank and BMO Harris Bank are serving as participating lenders for an amendment to Chatham Lodging Trust’s $250 million revolving credit facility.
Kimco Realty closed a new $2 billion revolving credit facility with commitments from 21 lending institutions, replacing the company’s existing $2.25 billion unsecured revolving credit facility.
Regions Bank acted as administrative agent on a new five-year $75 million term loan and $50 million revolver for Heritage Insurance Holdings, a property and casualty insurance holding company.