Sonoco, a global packaging company, entered into a five-year, $750 million revolving credit facility with a syndicate of banks, with Bank of America serving as administrative agent.
Bob Dorrance will retire from the positions of CEO and president of TD Securities on Sept. 1, with Riaz Ahmed succeeding him. In addition, Kelvin Tran will become CFO of TD Bank Group and join the senior executive team along with Barbara Hooper.
Apollo Medical Holdings refinanced its existing term loan and revolving credit facility with a new five-year revolving credit facility of $400 million. Truist Bank served as administrative agent.
According to TD Bank’s 2021 small business survey, 41% of small business owners expect to grow their revenue in 2021, while only 9% anticipate a decline.
AirBoss of America amended its senior secured revolving credit facilities to increase its credit availability from $60 million to $150 million. TD Bank, National Bank of Canada, Comerica Bank and JPMorgan will continue to make up the syndicate of lenders for the facility.
Apartment Income REIT closed a new $1.4 billion credit facility. PNC Capital Markets and Wells Fargo Securities led the syndication as joint bookrunners and lead arrangers. PNC Bank is also the administrative agent and sustainability agent for the facility.
Superior Plus LP, Superior General Partner and Superior Plus US Financing completed an extension of their $750 million senior secured revolving credit facility. The Bank of Nova Scotia and TD Securities are co-lead arrangers for the facility.
Blue Racer Midstream completed an amendment and restatement of its existing revolving credit facility, providing up to $750 million of borrowing capacity and extending the facility’s maturity date by three years to 2025. Wells Fargo Securities acted as sole bookrunner for the facility.
JP Morgan Chase Bank served as issuing lender, joint lead arranger, joint bookrunner and the collateral and administrative agent on a $500 million asset-based revolving credit facility for NGL Energy Partners. The facility will be used to refinance existing debt.
TD Bank combined its previous commercial and corporate and specialty banking teams to create a new commercial bank. Chris Giamo, head of commercial bank for TD Bank, will lead the newly formed business.