Wilmington Trust and certain lenders entered into a new secured credit agreement with KLDiscovery to provide revolving credit loans in an aggregate principal amount of $40 million.
JP Morgan Chase Bank served as issuing lender, joint lead arranger, joint bookrunner and the collateral and administrative agent on a $500 million asset-based revolving credit facility for NGL Energy Partners. The facility will be used to refinance existing debt.
Wells Fargo Securities, BofA Securities, PNC Capital Markets and RBC Capital Markets acted as joint lead arrangers and joint lead bookrunners on an amendment to Service Properties Trust’s $1.4 billion credit agreement.
According to an 8K filed with the SEC, the Royal Bank of Canada served as administrative agent for an amendment and extension to Civeo’s credit agreement, including its term loan and all three revolving credit facilities.
RadNet increased the amount of revolving commitments under its senior secured first lien credit agreement by $57.5 million. Barclays Bank, Truist Bank, JPMorgan Chase Bank, Capital One and Royal Bank of Canada increased their commitments pursuant to this amendment.
Ritchie Bros. Auctioneers closed an amendment and extension of its credit agreement totaling $630 million with a syndicate of lenders led by Bank of America as administrative agent.
Bank of Montreal and the Royal Bank of Canada renewed a $500 million committed standby secured funding facility for Home Trust Company, a subsidiary of Home Capital Group.
A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
The Royal Bank of Canada provided a $600,000 lending facility to NexTech AR Solutions, an augmented reality company focused on ecommerce, AR learning applications and AR-enhanced virtual events.
Royal Bank of Canada, in cooperation with Export Development Canada, increased Ackroo’s current revolving line of credit from $350,000 to a maximum of $1.6 million. In addition, BDC Capital provided an additional $1 million of working capital to the company.