Royal Bank of Canada Archives

Bank of America Leads $490MM Facility Upsize for FLEETCOR Technologies

FLEETCOR Technologies amended its pro-rata credit facility, increasing the overall facility size from $4.01 billion to $4.5 billion and extending the maturity to a new five-year term ending in June 2027. Bank of America is the administrative agent.

Bank of America Leads Syndicate Providing Lucid with $1B Revolving Credit Facility

Lucid Group entered into a credit agreement on June 9 with a syndicate of banks providing a secured asset-based revolving credit facility with an initial committed amount of up to $1 billion. Bank of America is the administrative agent and swingline lender.

Bank of America Leads Upsize of HireRight’s Revolving Credit Facility to $145MM

HireRight Holdings amended and upsized its revolving credit facility, increasing the committed line under the revolving facility to $145 million. Goldman Sachs, Royal Bank of Canada and Barclays joined the syndication, which is led by Bank of America as administrative agent.

Bank of America Leads $4.3B Credit Facility for PBF Energy

PBF Energy completed a multi-year extension of its asset-based revolving credit facility, with an aggregate commitment of $4.3 billion. Bank of America is the joint lead arranger, joint bookrunner and administrative agent for the 35-bank syndicate participating in the credit facility.

Wells Fargo Leads Transition of Select Energy’s ABL to Sustainability-Linked Structure

Select Energy Services transitioned its existing asset-backed loan facility into a sustainability-linked loan facility, while extending the facility through March of 2027. Wells Fargo Bank was the lead arranger for the facility.

Evoqua Activates ESG-Linked Adjustment Feature Under $350MM Revolving Credit Facility

Evoqua Water Technologies activated the sustainability-linked adjustment feature available under its $350 million revolving credit facility as part of the company’s continued commitment to integrating sustainability performance into its business strategy.

BNP Paribas-Led Group Refinances $1.75B Sustainability-Linked Revolver for Bunge

Bunge closed on the refinancing of its $1.75 billion, three-year revolving credit facility. BNP Paribas, Credit Agricole, ING Bank, Natixis and Sumitomo Mitsui Banking Corporation served as active bookrunners, mandated lead arrangers and coordinators on the transaction.

RBC-Led Syndicate Provides $500MM Term Loan to Installed Building Products

Installed Building Products closed a seven-year, $500 million term loan with RBC Capital Markets, BofA Securities and Goldman Sachs Bank. Royal Bank of Canada will serve as term administrative agent and term collateral agent for the new term loan.

BMO, ATB and National Bank of Canada Increase Kiwetinohk’s Revolver to $315MM

Kiwetinohk Energy’s existing lenders, including Bank of Montreal, ATB Financial and National Bank of Canada, completed their semi-annual borrowing base redetermination and agreed to amend Kiwetinohk’s credit facility and increase the borrowing limit from $225 million to $315 million.

JPMorgan Chase-Led Syndicate Provides $10B to Support McAfee Acquisition

McAfee, a global provider of online protection, entered into a definitive agreement to be acquired by an investor group, which obtained a commitment from a JPMorgan Chase Bank-led syndicate for nearly $10 billion in debt financing to support the transaction.

Tag Archives: Royal Bank of Canada