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.
According to an 8K, Truist Bank served as agent for an amended revolving credit facility as part of a financing package to support Encore Capital’s combination of Midland Credit Management and Cabot Credit Management, the company’s primary operating units in the U.S. and UK.
RadNet increased the amount of revolving commitments under its senior secured first lien credit agreement by $57.5 million. Barclays Bank, Truist Bank, JPMorgan Chase Bank, Capital One and Royal Bank of Canada increased their commitments pursuant to this amendment.
OneWater Marine closed on a new $110 million senior credit facility with Truist Bank as sole administrative agent. The facility consists of an $80 million term loan and a $30 million undrawn revolver.
Wells Fargo Commercial Distribution Finance served as agent to an amendment to MarineMax’s $440 million credit facility, which now has a three-year term. The facility includes M&T Bank, Bank of the West and Truist Bank as lending partners.
According to an 8K filed with the SEC, JPMorgan Chase served as administrative agent on the refinancing of Office Depot’s existing asset-based credit facility, which now consists of a $1.2 billion revolving credit facility and a $100 million first-in, last-out facility.