Prime Healthcare Services closed a $425 million senior secured revolving credit facility with Royal Bank of Canada (RBC) as lead arranger, bookrunner and sole administrative. Due to strong lender support, the credit facility is expected to be upsized to $450 million in early September.
Griffin Global Asset Management upsized its senior secured warehouse facility to $2 billion with a syndicate of 12 banks. UMB Bank is acting as the administrative agent and security trustee for the facility.
Fundare Resources Company entered into a credit agreement among Fundare Redtail and a syndicate of lenders led by BOK Financial as administrative agent.
Dynasty Financial Partners, a provider of back and middle-office outsourced solutions for RIAs, closed a $50 million revolving credit facility with Royal Bank of Canada (RBC) acting as sole administrative agent.
UMB Bank is serving as administrative agent for an amended $1.5 billion senior secured warehouse facility for two entities jointly established by Griffin Global Asset Management and Bain Capital Credit.
Tattooed Chef expanded and extended its secured revolving credit facility with UMB Bank. The credit facility was increased to $40 million from $25 million and has a three-year term set to mature in September 2025. The prior facility, also with UMB, was scheduled to mature in September 2023.
Rock Hill Capital and its portfolio company, Park Energy Services, completed its second acquisition in less than a year with the purchase of substantially all the assets of San Antonio-based Great Texas Compression.
Marigny Investments, a Denver-based private equity firm, acquired Victory Supply. Greyrock Capital Group provided equity and subordinated debt financing and UMB Bank provided senior debt financing.
Edgemere Dallas initiated a voluntary and comprehensive restructuring through Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas.
eCapital acquired the portfolio of UMB Bank’s accounts receivable financing division. This is the 11th acquisition for eCapital within the alternative finance sector in the last four years.