BofA, ING, Others Renew Louis Dreyfus $750MM Sustainability-Linked Revolver
Louis Dreyfus has renewed its $750 million revolving credit facility (RCF) in North America, including a sustainability-linked pricing mechanism for the first time.
Louis Dreyfus has renewed its $750 million revolving credit facility (RCF) in North America, including a sustainability-linked pricing mechanism for the first time.
Air Transport Services Group extended its credit facility through May 2024 and an expanded the facility’s revolver portion to $645 million. SunTrust leads the syndicate of lenders.
OnDeck amended and restated its existing $119.7 million asset-backed revolving debt facility with SunTrust Bank as administrative agent and Wells Fargo as paying agent and collateral agent.
Lilis Energy entered into a five-year, $500 million credit agreement. The credit agreement provides for a senior secured reserve based revolving credit facility with an initial borrowing base of $95 million.
Goldman Sachs BDC amended its senior secured revolving credit agreement to, among other things, reduce the company’s minimum asset coverage ratio financial covenant from 200% to 150%. SunTrust served as administrative agent for the transaction.
Pawnee Leasing, the largest subsidiary of the Chesswood Group, completed a $250 million warehouse facility led by Royal Bank of Canada.
PACE Funding Group closed a $55 million warehouse credit facility with SunTrust Bank. Rosemawr Management is also participating in the facility.
Legendary Entertainment closed a $1 billion senior secured revolving credit facility led by J.P. Morgan.
Zayo Group amended its credit facility, adding a new $150 million term loan trannche.
VSE amended its credit agreement with Citizens Bank as administrative agent, increasing the term loan to $100 million, the revolving credit facility to $300 million and the incremental facility from $75 million to $100 million.