FLEETCOR Technologies amended its pro-rata credit facility, increasing the overall facility size from $4.01 billion to $4.5 billion and extending the maturity to a new five-year term ending in June 2027. Bank of America is the administrative agent.
TD Bank, Truist Bank and BMO Harris Bank participated in a $50 million increase to Whole Earth Brands’ existing revolving credit facility, which was originally agented by TD Securities. The revolver was increased from $75 million to $125 million.
DHI Group signed an amended and restated credit agreement increasing the size from a $90 million revolving credit facility to a $100 million revolving credit facility, with an accordion feature for an additional $50 million.
First Horizon received shareholder approval for The Toronto-Dominion Bank (TD Bank) to acquire First Horizon. The transaction is expected to close in Q1/23 subject to U.S. and Canadian regulatory approvals and the completion of other necessary closing conditions.
INDUS Realty Trust amended and restated its credit agreement to increase the size to $250 million with the addition of a new $150 million delayed draw term loan. JPMorgan Chase Bank is the administrative agent and Citibank is the syndication agent for the facility.
ClearStream Energy Services completed the refinancing of its asset-based revolving credit facility. ClearStream established a new $25 million asset-based revolving credit facility with a three-year term to replace its existing $15 million asset-based revolving credit facility that was to mature on April 14, 2022.
TD Bank promoted Geoff Brandon, Mike Tremble, Tommy Berner and Benjamin Kruger to key positions to support and grow the bank’s goal of supporting communities and businesses in the Delaware Valley.
Group 1 Automotive completed a $2 billion five-year revolving syndicated credit facility with 21 financial institutions, including U.S. Bank, Bank of America and JPMorgan Chase.
TD Bank Group signed a definitive agreement to acquire First Horizon in an all-cash transaction valued at $13.4 billion, or $25 for each common share of First Horizon.
Progress, a provider of products to develop, deploy and manage high-impact applications, entered into an amended secured credit facility in the aggregate amount of $575 million. JPMorgan Chase Bank acted as administrative agent for the transaction.