Platinum Equity led a new and upsized second-lien term loan for Railway Equipment Leasing and Maintenance (RELAM), a provider of specialty rental equipment, to refinance the company’s existing indebtedness and support future growth of the business.
Obsidian Energy increased its syndicated credit facility and repaid its term loan. The aggregate amount available on Obsidian’s credit facility has increased to $300 million from $260 million with the addition of ICBC Standard Bank to the company’s banking syndicate.
DXP Enterprises closed on refinancing existing senior secured term loan B (TLB) borrowings and raising an incremental $105 million in TLB borrowings. Including the new borrowings, DXP will have $649.5 million in senior secured TLB borrowings.
Team, a global provider of industrial services, executed an amendment to its existing ABL credit facility, which partially consists of a $130 million revolving credit facility and a $27.4 million term loan by Eclipse Business Capital.
AZEK, a designer and manufacturer of outdoor living products, entered into a new credit agreement with Wells Fargo Bank as administrative agent and collateral agent. The arrangement was led by Wells Fargo Securities and JPMorgan Chase Bank as joint bookrunners.
Castlelake secured commitments for over $1 billion of aviation financing in a term loan facility to support its continued investment in and acquisition of aviation assets. Commitments for the term loan facility were provided by Deutsche Bank, Goldman Sachs, BNP Paribas and MUFG.
Lighthouse Financial completed a $3.2 million credit facility to an Atlanta based manufacturer and distributor of healthy snacks and supplements. The facility includes a $3 million revolving line of credit and a $175,000 term loan.
Leonid Capital Partners, an investment firm focused on technology companies working in the national security industry, is providing a $13 million term loan to Aclima, a San Francisco-based climate-tech company.
Schottenstein affiliates Second Avenue Capital Partners and SB360 Capital Partners, along with Ares Commercial Finance, closed a $112 million senior secured revolving credit facility and term loan for Backcountry, a specialty retailer of outdoor gear and apparel.
Aggreko Energy Transition Solutions (ETS), a division of Aggreko, an energy solutions company, closed a $66 million term loan financing. KeyBanc Capital Markets led the transaction and served as the administrative agent.