SunTrust Supports Malibu Boats Acquisition of Pursuit
Malibu Boats agreed to acquire the assets of Pursuit Boats from S2 Yachts for $100 million. SunTrust served as agent on an amendment to Malibu’s credit agreement to support the transaction.
Malibu Boats agreed to acquire the assets of Pursuit Boats from S2 Yachts for $100 million. SunTrust served as agent on an amendment to Malibu’s credit agreement to support the transaction.
Stage Stores amended its senior secured revolving credit facility agreement with Wells Fargo as administrative agent, collateral agent and term loan agent.
Bank of America acted as administrative agent on a credit agreement with TriNet Gorup for $675 million in new senior secured credit facilities.
Ring Energy increased the borrowing base on its $500 million senior secured credit facility from $60 million to $175 million in connection with its recent borrowing base redetermination.
EVO Payments, a payment service provider operating throughout North America and Europe, amended its senior secured credit facility, increasing the revolver to $200 million.
WaterBridge Operating, a subsidiary of WaterBridge Resources, entered into a $200 million revolving credit facility led by SunTrust Bank with a syndicate of nine financial institutions.
Earthstone Energy upsized its senior secured revolving credit facility from $185 million to $225 million and lowered its interest rate by 50 basis points. Bank of Texas served as administrative agent.
Fintech lender Fundation secured a $120 million asset backed credit facility from SunTrust Bank.
The U.S. Bankruptcy Court for the District of Delaware confirmed Southeastern Grocers’ amended prepackaged Chapter 11 plan, including a $525 million exit term loan with SunTrust Bank as administrative and collateral agent.
A group of lenders led by Bank of America and Merrill Lynch have committed to providing Albertsons with a $4.667 billion facility to support the company’s merger with Rite Aid.