Phoenix Tower International amended and restated its senior credit facilities to consolidate and expand them into a single $2 billion senior secured multi facility transaction covering all of North and South America.
Marathon Capital entered into a strategic collaboration agreement with Sumitomo Mitsui Banking Corporation. The parties also have entered into an agreement for a minority equity investment in Marathon Capital. The proceeds will be used to accelerate the firm’s growth and expansion.
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.
Hercules Capital increased its existing credit facilities with MUFG Bank and Sumitomo Mitsui Banking Corporation from a combined $500 million to $720 million, subject to a borrowing base, leverage and other restrictions.
Freepoint Commodities closed a $2.63 billion revolving bank facility. The facility consists of a $1.57 billion, three-year committed tranche and a $1.05 billion, one-year uncommitted tranche. Additionally, the facility has a $570 million accordion feature. BNP Paribas is the administrative agent for the facility.
Excelerate Energy and Excelerate Energy Limited Partnership entered into a senior secured revolving credit facility. JPMorgan Chase Bank is acting as administrative agent for the facility.
Ares Capital increased commitments under its revolving credit facility to approximately $4.8 billion and extended the final maturity date. The facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, SMBC and Wells Fargo and includes a total of 39 lenders.
Tenaska Marketing Ventures, the natural gas marketing affiliate of Tenaska, completed a renewal and increase of its committed borrowing base facility that provides up to $2 billion for a four-year term maturing in March 2026.
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.
Mercuria’s North American operating entities closed a multi-year, $2.2 billion senior secured borrowing base credit facility. Societe Generale acted as administrative agent and collateral agent for the facility.