Recreational Realty secured a syndicated revolving credit facility led by Truist Securities and Citizens Bank that allows the company to borrow up to $300 million, assuming certain conditions are met.
Kratos Defense & Security Solutions, a security solutions provider, refinanced its outstanding $90 million revolving credit facility and $300 million 6.5% senior secured notes with a five-year $200 million revolving credit facility and five-year $200 million term loan A.
Truist Securities hired Stellar Kim Tucker as group head of technology investment banking and Julie Bennett Bunuan as group head of ESG advisory and intra-industries coverage. The company also promoted Ileana Chu to group head of private institutional capital.
AssetMark Financial entered into an amended and restated credit agreement that provides for a $500 million senior secured credit facility. Bank of Montreal is the administrative agent and sustainability coordinator for the facility.
Ryder executed a five-year, $1.4 billion global revolving credit facility, which includes 11 global institutions and will expire on Dec. 14, 2026. BofA Securities and MUFG Bank acted as joint bookrunners and joint lead arrangers for the facility.
NMI Holdings amended its senior secured revolving credit facility, increasing the revolving capacity to $250 million and extending the maturity from Feb. 22, 2023, to Nov. 10, 2025. JPMorgan Chase Bank, Citibank, RBC Capital Markets and Truist Securities served as joint lead arrangers.
Tupperware Brands, a global consumer products company, raised $880 million in a new secured credit facility in order to refinance its existing credit facilities. Wells Fargo Bank is the administrative agent, swingline lender and issuing bank on the new facility.
Jam City, a mobile entertainment company, completed the acquisition of mobile game studio Ludia from Fremantle for $165 million. Jam City raised $350 million in equity and debt financing from Netmarble, Kabam and affiliates of funds managed by Fortress Investment Group.
Rite Aid entered into an amendment to its senior secured credit agreement, which consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million first in, last out senior secured term loan. Bank of America will continue to act as administrative agent for the facilities.
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.