Henry Schein amended its revolving credit facility, including an increase in the maximum borrowing amount from $750 million to $1 billion and an extension of the facility through August 2026. JP Morgan Securities and U.S. Bank served as joint lead arrangers.
Graybar completed the amendment and extension of its unsecured committed revolving credit facility. The amendment, among other things, extended the company’s five-year, $750 million revolving credit facility.
U.S. Bank entered into an agreement to acquire Bento Technologies, known as Bento for Business, a financial technology company based in Chicago and San Francisco that provides payment and expense management services to small and mid-size businesses.
U.S. Bank entered into a definitive agreement to purchase PFM Asset Management under its subsidiary, U.S. Bancorp Asset Management. PFM Asset Management will continue to operate as a separate entity. The agreement was signed on July 7 and is expected to close in Q4/21.
Clarus Corporation amended and upsized its existing senior credit facility led by JPMorgan Chase. Under the terms of the upsized agreement, Clarus has access to an increased revolving credit facility of $100 million and an increased $125 million term loan.
Sonoco, a global packaging company, entered into a five-year, $750 million revolving credit facility with a syndicate of banks, with Bank of America serving as administrative agent.
Concurrent with its acquisition of CRH Medical, WELL Health Technologies entered into an amended senior secured credit arrangement with up to $300 million of available credit. JPMorgan, CIBC and HSBC Bank Canada led the syndicate of lenders providing the facility.
American Homes 4 Rent closed a $1.25 billion sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the facility, including Wells Fargo Bank as administrative agent.
Apartment Income REIT closed a new $1.4 billion credit facility. PNC Capital Markets and Wells Fargo Securities led the syndication as joint bookrunners and lead arrangers. PNC Bank is also the administrative agent and sustainability agent for the facility.
Blue Racer Midstream completed an amendment and restatement of its existing revolving credit facility, providing up to $750 million of borrowing capacity and extending the facility’s maturity date by three years to 2025. Wells Fargo Securities acted as sole bookrunner for the facility.