Truist Securities Archives

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.

BofA and MUFG Lead $1.4B Revolving Credit Facility for Ryder

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.

JPMorgan, Citi, RBC and Truist Expand NMI’s Revolving Credit Facility to $250MM

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.

Wells Fargo Leads $880MM Credit Facility for Tupperware Brands

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.

Netmarble, Kabam & Fortress Provide $350MM Equity & Debt Financing to Support Jam City Acquisition

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.

Bank of America Amends and Extends Rite Aid’s $3.15B Credit Agreement

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.

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