Whitestone REIT amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan.
TD Bank, Truist Bank and BMO Harris Bank participated in a $50 million increase to Whole Earth Brands’ existing revolving credit facility, which was originally agented by TD Securities. The revolver was increased from $75 million to $125 million.
PBF Energy completed a multi-year extension of its asset-based revolving credit facility, with an aggregate commitment of $4.3 billion. Bank of America is the joint lead arranger, joint bookrunner and administrative agent for the 35-bank syndicate participating in the credit facility.
AMETEK completed an amended and restated revolving credit facility, increasing the size from $1.5 billion to $2.3 billion. JPMorgan Chase Bank, Bank of America, PNC Bank, Truist Bank and Wells Fargo Bank, acted as joint lead arrangers and joint book managers for the credit facility.
Encina Equipment Finance closed a new non-recourse secured revolving loan facility with initial lending commitments from three lenders totaling $450 million. Bank of America structured the facility and is the administrative agent and the lead lender.
Sprouts Farmers Market closed a $700 million revolving credit facility under a credit agreement dated as of March 25. Bank of America acted as administrative agent, issuing bank and swingline lender for the facility.
Group 1 Automotive completed a $2 billion five-year revolving syndicated credit facility with 21 financial institutions, including U.S. Bank, Bank of America and JPMorgan Chase.
Eastman Chemical Company amended and extended its $1.5 billion five-year unsecured revolving credit facility. The amended credit agreement was entered into with 15 banks, led by Citibank as administrative agent, joint lead arranger and co-sustainability agent.
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.