Nesco entered into a definitive agreement to acquire Custom Truck One Source for a purchase price of $1.475 billion. Bank of America is leading debt financing in support of the transaction.
The Blackstone Group entered into an amended and restated $1.5 billion revolving credit facility. Citibank served as administrative agent for the transaction.
Wells Fargo Capital Finance announced that its Healthcare Finance portfolio surpassed $1 billion, with a recent $100 million credit facility for Apria Healthcare Group.
Reuters reported a pair of big bond insurers with more than $10 billion of exposure to Puerto Rican debt hired restructuring advisers as the commonwealth works toward a reckoning with creditors.