RBC Agents Borrowing Base Increase to $450MM for Matador
Matador Resources increased its borrowing base from $400 million to $450 million. Royal Bank of Canada served as administrative agent for the transaction.
Matador Resources increased its borrowing base from $400 million to $450 million. Royal Bank of Canada served as administrative agent for the transaction.
NuVasive, a medical device company focused on transforming spine surgery, expanded its revolving line of credit from $150 million to $500 million. Bank of America was administrative agent for the transaction.
Parkland Fuel entered into an agreement with Chevron Canada to acquire all of the shares of Chevron Canada R&M, which operates its Canadian integrated downstream fuel business.
Chesswood Group exercised $30 million of the $80 million accordion feature in its existing revolver with a group of banks led by Royal Bank of Canada.
Installed Building Products entered into a $300 million term loan B facility and a $100 million ABL facility. Royal Bank of Canada and SunTrust Bank served as administrative agent for the facilities.
NXT Capital increased its senior secured term and revolving loan facility from $350 million to $425 million. Royal Bank of Canada and SunTrust Robinson Humphrey served as joint lead arrangers and bookrunners.
Cargojet amended its syndicated banking facility to increase its revolving credit facility from $175 million to $200 million and add a $75 million term loan facility. RBC led the bank syndicate for the transaction.
KeyW entered into a $135 million term loan and a $50 million revolver with Royal Bank of Canada as administrative agent and collateral agent, and RBC Capital Markets as lead arranger and bookrunner.
CDW increased the size of its asset-based revolving credit facility from $1.25 billion to $1.45 billion. JPMorgan Chase Bank served as administrative agent.
Archrock Partners closed on a new five-year $1.1 billion asset-based revolving credit facility. JPMorgan Chase served as joint lead arranger, joint bookrunner and administrative agent for the transaction.