Truist Securities Archives

Syndicate of Lenders Amends Term Loan to $900MM for Dave & Buster’s Entertainment

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.

J.P. Morgan Leads $350MM Term Loan and $150MM ABL Facility for TTM Technologies

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.

Truist Arranges $115MM Credit Facility for Tellus Equipment Solutions

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.

Bank of America Leads Debt Refinancing for Topgolf Callaway Brands

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.

Wells Fargo Bank Provides $400MM Term loan B to Koppers Holdings

Koppers Holdings, an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, priced and allocated a seven-year $400 million senior secured Term Loan B. Wells Fargo Bank is acting as sole and exclusive administrative agent.

CIT Leads Syndicate Providing $750MM Credit Facility for Origis Energy

Origis Energy closed an upsizing amendment to its development finance facility, doubling capacity to $750 million. With enhanced flexibility and increased capacity, the credit facility will support further expansion of its solar and energy storage project pipeline.

Truist Sells 20% Stake in Truist Insurance Holdings to Stone Point Capital for $1.95B

Truist agreed to sell a 20% stake in Truist Insurance Holdings to funds managed by private equity firm Stone Point Capital for $1.95 billion.

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.

Tag Archives: Truist Securities