Fifth Third Agents Delek Revolver Increase
Delek Logistics Partners increased its lender commitments under its revolving bank credit facility to $400 million. Fifth Third Bank served as administrative agent.
Delek Logistics Partners increased its lender commitments under its revolving bank credit facility to $400 million. Fifth Third Bank served as administrative agent.
Textainer used its accordion in its revolver to expand the facility from $600 million to $700 million. BNP Paribas joined the 15-member lender group and Citibank increased its existing lending commitment.
Cronos Holding Company said its indirect wholly owned subsidiary, CF Leasing, has entered into a $550 million five-year revolving credit agreement with a group of banks led by Bank of America and SunTrust Bank.
Exploration company Magnum Hunter said the company’s conforming borrowing based under its senior bank facility has been increased by $43.75 million. MHR said Bank of Montreal and Capital One served as administrative agent and syndication agent, respectively.
IMAX entered into an amended senior secured credit facility for up to $200 million with Wells Fargo Bank. Other banks that participated in the transaction were Export Development Canada, Canadian Imperial Bank of Commerce, Royal Bank of Canada, HSBC Canada and the National Bank of Canada.
Bombardier Recreational Products, a maker of jet skis and outboard motors, is seeking a $1.05 billion term loan to fund a dividend and refinance debt, Bloomberg reported. BRP is owned by Bain Capital.