RBC Agents $350MM Revolver for Northern Oil and Gas
Northern Oil and Gas closed a borrowing base redetermination and amended its revolving credit facility. The Royal Bank of Canada served as administrative agent.
Northern Oil and Gas closed a borrowing base redetermination and amended its revolving credit facility. The Royal Bank of Canada served as administrative agent.
Boralex closed the refinancing of its credit facility in the amount of C$360 million ($287.37 million) encompassing a C$300 revolver ($239.47 million) and a C$60 million ($47.89 million) letter of credit facility.
Memorial Production Partners amended its revolving credit facility with Wells Fargo as agent and completed a semi-annual redetermination, resulting in a revised borrowing base of $925 million.
Wells Fargo Capital Finance, the Royal Bank of Canada and Capital One reduced Redknee Solutions availability under its revolving line of credit to $20 million from $40 million.
Sanchez Energy’s lenders have completed their regularly scheduled semi-annual review of the company’s borrowing base and the company has maintained its borrowing capacity of $300 million.
ADT has entered into a definitive agreement to be acquired by an affiliate of funds managed by affiliates of Apollo Global Management and co-investors and merged with a subsidiary of Prime Security Services Borrower.
Sanchez Energy amended the terms under its $1.5 billion first lien revolver, which allows for the incurrence of second lien debt not to exceed $400 million. Royal Bank of Canada led the lender group as administrative agent.
Bank of America served as administrative agent for a syndicate that provided $250 million and £300 million (approximately $432 million) term loans to Equinix. Equinix used the financing to terminate a bridge loan with JPMorgan Chase.
Seven Generations Energy has expanded its existing senior secured credit facility to $850 million. This increase was provided by a syndicate of 10 financial institutions lead by the Royal Bank of Canada.
The Hayward Gordon Group announced it has acquired Scott Turbon Mixer. The Royal Bank of Canada provided a credit facility to support the acquisition.