Toll Brothers entered into a five-year $1.905 billion revolving credit facility to replace the company’s existing $1.295 billion revolving credit facility, which was scheduled to mature in May 2021.
Citibank served as administrative agent on an amendment to KB Home’s revolving credit facility, which increased the borrowing capacity to $800 million and extended the maturity date to October 2023.
Newpark Resources amended and extended its outstanding credit agreement, increasing its asset-based revolving loan from $150 million to $200 million and reducing applicable borrowing rates.
Texas Capital Bank closed a senior secured credit facility for Flex Leasing Power and Service, a provider of small gas turbine power solutions for the oil and gas sector.
Goodnight Midstream expanded its revolving credit facility to $420 million from $320 million. ABN AMRO Capital USA and Wells Fargo served as joint lead arrangers on the transaction.
Main Street Capital expanded the total commitments under its revolving credit facility from $655 million to $680 million. BB&T served as administrative agent for the 17-bank lender group.
Vintage Stock, a subsidiary of Live Ventures, refinanced its prior second lien term loan and closed a $24 million senior secured term loan with Comvest Credit Partners. The company also refinanced its revolving credit facility with Texas Capital Bank.
Goodnight Midstream expanded its revolving credit facility from $165 million to $320 million. ABN AMRO Capital USA served as administrative agent, book runner and sole lead arranger on the transaction.
Harte Hanks amended its credit facility with Texas Capital Bank, increasing the borrowing base to $22 million and extending the maturity date to April 17, 2020.