Electronic Data Magnetics, a client of SC&H Capital, an investment bank specializing in M&A advisory, completed a going concern sale of its 38-year-old family-owned-and-operated manufacturing company to Paragon Group ID, a French société anonyme.
Truist Bank will combine banking operations and corporate and institutional group operations and launch a global services capability to create a new center of excellence — Enterprise Operations and Global Services. The bank named Raj Bharadwaj executive vice president and head of enterprise operations.
Tivity Health, a provider of health solutions, priced a $400 million senior secured term loan B facility and a $100 million senior secured revolving facility. Morgan Stanley, Credit Suisse and Truist Bank are acting as joint lead arrangers and bookrunners for the transaction.
Apollo Medical Holdings refinanced its existing term loan and revolving credit facility with a new five-year revolving credit facility of $400 million. Truist Bank served as administrative agent.
Tivity Health launched the syndication of new senior secured credit facilities. Morgan Stanley, Credit Suisse and Truist Bank are acting as joint lead arrangers and bookrunners for the transaction.
According to an 8K filed with the SEC, Truist Bank is serving as administrative agent for an amendment to Main Street Capital’s revolving credit facility. The amendment, among other things, increased the total commitments of the facility to $855 million.
Truist Bank arranged the upsizing of The Pennant Group’s revolving credit facility by $75 million to a total of $150 million, of which approximately $18.3 million was drawn as of Feb. 22, 2021.
Truist Bank increased Builders FirstSource’s revolving credit facility from $900 million to $1.4 billon and extended the maturity date by 26 months. Builders FirstSource is a Dallas-based supplier of building products for residential construction, repair and remodeling.
North Mill Equipment Finance increased the size of its senior loan facility with Deutsche Bank to $125 million to support 2020 originations. Additionally, North Mill closed a new $50 million senior loan facility with Truist Bank in December. The new loan facility increased North Mill’s total credit availability to $205 million.
QTS Realty Trust, a provider of hybrid colocation and data center solutions, entered into a new six-year $250 million term loan. Combined with the company’s current $1.7 billion unsecured credit facility, the term loan increases its aggregate unsecured credit facility capacity to $1.95 billion.