Scotiabank and TD Securities acted as co-lead arrangers and joint bookrunners on a $320 million credit facility for StorageVault. The funding will be used to support the company’s acquisition of Real Storage.
CIBC and TD Securities led the syndicate of banks on an amendment to Tervita’s senior secured revolving credit facility, increasing the maximum principal amount available by $75 million to $275 million.
Superior Plus increased its senior secured credit facility from $620 million to $750 million with The Bank of Nova Scotia serving as administrative agent.
SemGroup amended its credit facility to refinance the outstanding $530.75 million of senior secured term loans and repay the $60 million of revolver borrowing under that agreement.
Superior Plus entered into an agreement with NGL Energy to acquire all of the outstanding equity interest in NGL Propane, the company’s retail propane distribution business, for total cash consideration of $900 million.
BRP refinanced its existing credit facilities, increasing the term loan to $900 million and the revolving credit facility to C$575 million ($446.8 million). Bank of Montreal was administrative agent.
Compass Diversified Holdings signed a credit agreement for a revolving credit facility totaling $600 million and a term loan facility in the amount of $500 million. Bank of America served as administrative agent on the transaction.
SBA Communications amended its credit facility, increasing the revolver from $1 billion to $1.25 billion and adding a new $2.4 billion term loan. TD Bank (Texas) served as administrative agent on the transaction.
Penn National Gaming amended its credit facility to support its upcoming acquisition of the outstanding equity interest in Pinnacle Entertainment. Bank of America served as administrative agent for the transaction.