DataBank, a provider of enterprise-class edge colocation, interconnection and managed cloud services, established a new $725 million credit facility. TD Securities was the administrative agent, joint lead arranger and joint bookrunner for the transaction.
Topgolf Callaway Brands repriced its existing $1.24 billion first-lien term loan due 2030, lowering the loan’s interest rate a total of 60 basis points. Bank of America, JPMorgan Chase, MUFG Securities Americas and Truist Securities acted as joint lead arrangers and joint bookrunners for the term loan.
Dave & Buster’s Entertainment amended its credit agreement, achieving a reduction in the interest rate margin applicable to its term loans and revolving loans. A banking syndicate including Deutsche Bank Securities acted as joint lead arrangers for the transaction.
Pebblebrook Hotel Trust extended approximately $357 million of its $460 million October 2024 maturity term loan to 2028. BofA Securities led the term loan extension, serving as joint lead arranger and sole bookrunner.
Asset-based lending is an industry built on making deals, but at the heart of every one of those transactions is a financial solution for a business. To honor this fundamental pillar of the industry, ABF Journal is proud to present its second annual Deals of the Year listing to provide a more in-depth look at some of the most intriguing and impactful transactions of 2023.
Koppers, a provider of treated wood products, wood treatment chemicals and carbon compounds, completed the repricing of its seven-year, $399 million senior secured term loan B due April 10, 2030. Wells Fargo is acting as administrative agent for the term loan.
Dave & Buster’s Entertainment, an owner and operator of entertainment and dining venues, amended its credit agreement, achieving favorable pricing and upsizing the term loan B facility to $900 million.
TTM Technologies, a global manufacturer of technology solutions, closed and syndicated a $350 million senior secured term loan and a U.S. asset-based revolving credit facility with committed borrowing capacity of $150 million. J.P. Morgan is acting as administrative agent for both facilities.
Tellus Equipment Solutions, a John Deere agricultural and turf equipment dealer in Texas, closed a new $115 million credit facility. Truist Securities is the lead arranger and sole bookrunner for the facility.
Topgolf Callaway Brands completed a series of related transactions in support of a plan to refinance its capital structure, including a seven-year, $1.25 billion senior secured term loan B arranged by Bank of America, JPMorgan Chase, MUFG Securities and Truist Securities.