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.
Hersha Hospitality Trust closed on the refinancing of a $500 million senior secured credit facility and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties.
A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
As part of a syndicate of 14 banks, Citigroup served as a joint lead bookrunner and joint lead arranger for a new $280 term loan facility for Harsco Corporation.
Willis Lease Finance expanded its $890 million revolving credit facility to $1 billion. MUFG served as administrative agent for the transaction.
Toymaker Hasbro amended its credit agreement with Bank of America as administrative agent. The new agreement increased the aggregate size of the facility to $1 billion and provided for a $700 million revolving credit facility.
Installed Building Products announced it entered into a five-year, $100 million senior secured credit facility. KeyBank acted as lead arranger, sole bookrunner and administrative agent.
Bob Evans Farms announced it entered into a $750 million amended revolver. PNC Bank acted as administrative agent, and PNC Capital joint lead arranger and sole bookrunner.
Morgan’s Foods said it entered into a loan Agreement with The Huntington National Bank, a national banking association, and announced the closing of two loans pursuant to the loan agreement.