Truist Securities Archives

Truist Refinances and Expands Credit Facilities with EVERTEC

EVERTEC refinanced its existing credit facilities on Dec. 1, 2022. The new credit facilities consist of an expanded $200 million revolving credit facility and a $415 million term loan A, both of which are due on Dec. 1, 2027.

Syndicate of Lenders Upsize and Extend Maturity of Park Hotels & Resorts’ Credit Facility to $950MM

Park Hotels & Resorts amended and restated its existing $901 million revolving credit facility to increase total capacity to $950 million, extend the maturity from December 2023 to December 2026, and release all collateral securing the credit.

KeyBank Agents Expanded Credit Facility for Modiv

Modiv, a real estate investment trust, exercised the accordion feature of its credit facility, increasing the credit facility to $400 million. The expanded credit facility now includes an updated accordion feature of up to $750 million. KeyBank is the administrative agent for the facility.

Wells Fargo Leads $800MM Credit Facility for Federal Signal

Federal Signal, a provider of environmental and safety solutions, completed a new five-year, $800 million credit facility to replace its existing $500 million credit facility. Wells Fargo will serve as administrative agent, swingline lender and issuing lender for the facility.

JPMorgan Chase Leads Syndicate Amending $70MM Credit facility for Avid

Avid, a technology provider that powers the media and entertainment industry, entered into an amended secured credit facility with JPMorgan Chase Bank and a syndicate of banks, including $186.7 million in senior secured term loans and a $120 million unfunded revolving line of credit.

Marathon Asset Management Provides $100MM Term Loan to Theratechnologies

Theratechnologies received a binding commitment with respect to a non-dilutive term loan with an affiliate of Marathon Asset Management for up to $100 million.

Citizens and Truist Lead $300MM Syndicated Revolving Credit Facility for Recreational Realty

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.

Truist Refinances Credit Facility and Provides $400MM in New Financing to Kratos

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.

February 23, 2022 Deanna Lund | Eric DeMarco | Kratos Defense & Security Solutions | Truist Securities Ian Koplin

Truist Securities Makes Leadership Appointments in Tech, ESG, Private Institutional Capital

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.

February 18, 2022 Ileana Chu | Julie Bennett Bunuan | Michael Carter | Stellar Kim Tucker | Truist Securities Ian Koplin

BMO Upsizes AssetMark’s Credit Facility to $500MM

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.

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