PTC signed a definitive agreement to acquire ServiceMax for approximately $1.46 billion in cash on a debt-free, cash-free basis from an entity majority owned by Silver Lake.
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.
ZenFi Networks, a provider of digital infrastructure solutions in the New York and New Jersey metro region, secured $175 million in senior secured credit. TD Securities, Regions Securities and Société Générale led the new credit facility.
Aligned Data Centers increased its sustainability-linked loan from $375 million to $1.75 billion to accelerate its next phase of strategic growth and expansion. TD Securities, Wells Fargo Securities and Citizens Bank acted as joint bookrunners and joint lead arrangers for the facility.
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.
Interfor closed an early renewal and expansion of its revolving credit facility with a syndicate of Canadian and U.S. banks co-led by RBC Capital Markets, TD Securities and Wells Fargo. The expansion increased the committed amount to $387 million.
Air Canada launched the syndication of a new senior secured term loan B and completed the syndication of a new senior secured revolving facility. JPMorgan Chase, Citi and TD Securities are acting as lead arrangers and active bookrunners for the senior secured credit facilities.
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.
JPMorgan and Others Expand Dominion Energy’s Credit Facilities, Introduce Sustainability-Linked Pricing
Dominion Energy completed the syndication of sustainability-linked credit facilities totaling $6.9 billion, including a $6 billion master credit facility for which JPMorgan Chase Bank, Mizuho Bank, BofA Securities, The Bank of Nova Scotia and Wells Fargo Securities acted as joint lead arrangers.