Tag Archives: Wells Fargo Bank

Bank of America Leads $4.3B Credit Facility for PBF Energy

PBF Energy completed a multi-year extension of its asset-based revolving credit facility, with an aggregate commitment of $4.3 billion. Bank of America is the joint lead arranger, joint bookrunner and administrative agent for the 35-bank syndicate participating in the credit facility.

BNP Paribas-Led Syndicate Renews Credit Facility for Tenaska Marketing Ventures

Tenaska Marketing Ventures, the natural gas marketing affiliate of Tenaska, completed a renewal and increase of its committed borrowing base facility that provides up to $2 billion for a four-year term maturing in March 2026.

Wells Fargo Leads Transition of Select Energy’s ABL to Sustainability-Linked Structure

Select Energy Services transitioned its existing asset-backed loan facility into a sustainability-linked loan facility, while extending the facility through March of 2027. Wells Fargo Bank was the lead arranger for the facility.

BofA Leads Lender Group Providing $1B Sustainability-Linked Credit Facility to Tetra Tech

Tetra Tech, a provider of consulting and engineering services in water, environment and sustainable infrastructure, established a $1 billion sustainability-linked credit facility. Bank of America led the lender group for the facility with joint lead arrangers Wells Fargo Bank, U.S. Bank and Bank of Montreal.

JPMorgan Chase Leads Amendment of Progress’ $575MM Credit Facility

Progress, a provider of products to develop, deploy and manage high-impact applications, entered into an amended secured credit facility in the aggregate amount of $575 million. JPMorgan Chase Bank acted as administrative agent for the transaction.

Syndicate Including Citi and Goldman Sachs Provides $350MM Revolver to Nabors Industries

Nabors Industries closed a secured $350 million revolving credit facility. Institutions participating in the credit facility are Citibank, Goldman Sachs Bank, HSBC Bank, Morgan Stanley Senior Funding and Wells Fargo Bank. The new credit facility replaces the company’s 2018 revolving credit facility.