CVR Refining and its subsidiaries amended the company’s ABL credit agreement, allowing for an increase in borrowings of up to $200 million.
TransDigm closed a term loan of $1.8 billion maturing in 2024 at a rate of LIBOR + 3.00% and repaid in full the existing tranche C term loans, pursuant to an amendment to its existing credit agreement.
Installed Building Products entered into a $300 million term loan B facility and a $100 million ABL facility. Royal Bank of Canada and SunTrust Bank served as administrative agent for the facilities.
Caesars Entertainment and its Chapter 11 debtor subsidiaries finalized pricing of $1.435 billion of senior secured credit facilities, consisting of a $1.235 billion seven-year senior secured term loan facility and a $200 million five-year senior secured revolving credit facility.
Penn National Gaming entered into new senior secured credit facilities and completed its previously announced refinancing. Bank of America served as administrative agent and collateral agent.
Southcross Energy Partners has secured an amendment to its revolving credit agreement, providing for a reduction of the total revolver commitment from $200 million to $145 million, with further reductions to $115 million by December 31, 2018.
Atkore International Group refinanced its existing $642 million in term loan facilities with an amended $500 million new term loan facility. Deutsche Bank served as administrative agent for the bank syndicate.
SunEdison and Vivint Solar agreed to amend their merger agreement. A Blackstone-sponsored vehicle will become a key stakeholder, and committed to provide a $250 million credit facility. Goldman Sachs, Barclays, Citigroup and UBS will provide a $300 million term loan.