J.P. Morgan led a syndicate of 37 bank participants in increasing and extending Ares Capital’s revolving credit facility. The facility was increased by $240 million to $3.6 billion and the final maturity date was extended to March 30, 2025.
J.P. Morgan, RBC Capital Markets and SunTrust Robinson Humphrey served as joint lead arrangers on an amendment to NMI Holdings senior secured revolving credit facility, which increased the revolving capacity to $100 million.
Kimco Realty closed a new $2 billion revolving credit facility with commitments from 21 lending institutions, replacing the company’s existing $2.25 billion unsecured revolving credit facility.
TPG Specialty Lending has increased its revolving credit facility from $1.245 billion to $1.315 billion and extended the final maturity date by approximately one year, to January 31, 2025.
SunTrust Robinson Humphrey served as sole lead arranger and SunTrust Bank as administrative agent in closing a $60 million syndicated corporate credit facility for Electric Entertainment.
Toll Brothers entered into a five-year $1.905 billion revolving credit facility to replace the company’s existing $1.295 billion revolving credit facility, which was scheduled to mature in May 2021.
USA Truck completed an amended and restated $225 million revolving credit facility with a group of banks and Bank of America as agent.
SunTrust Robinson Humphrey served as lead on $800 million in debt facilities, consisting of a $600 million term loan A and a $200 million delayed draw tranche, for WaterBridge Resources.
Rite Aid entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility. Bank of America served as both administrative and collateral agent on the facilities.
PennantPark Floating Rate Capital upsized its credit facility led by SunTrust Robinson Humphrey to $520 million from $405 million.