Wells Fargo Bank Archives

BofA, PNC, Truist & Wells Upsize Quanta Services Facility to $2.5B

Quanta Services amended its credit agreement to increase the aggregate revolving commitments of the lenders from $2.135 billion to $2.510 billion. BofA Securities, PNC Capital Markets, Truist Securities and Wells Fargo Bank acted as arrangers for the amendment.

BofA Agents $1.5MM Unsecured Revolver for Reliance Steel & Aluminum

Bank of America is serving as administrative agent for a amended and restated $1.5 billion five-year unsecured revolving credit facility for Reliance Steel & Aluminum. The amended and restated facility will replace Reliance’s existing agreement.

MUFG, Wells Fargo, Citizens, BMO Amend $175MM Term Loan for MaxLinear

According to an 8K, MUFG Union Bank, Wells Fargo, Citizens Bank and BMO Harris led an incremental amendment for a $175 million term loan A facility for MaxLinear. MaxLinear is using the financing to fund its completed acquisition of Intel’s home gateway platform division.

Wells Fargo Delivers $125MM DIP Facility to Extraction Oil & Gas

Extraction Oil & Gas voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. In connection with the filing, Wells Fargo Bank underwrote a $125 million debtor-in-possession financing facility.

MUFG Bank Agents $1.18B Amended Credit Agreement for Sprague Resources

MUFG Bank served as administrative agent on a $1.18 billion senior secured amended and restated credit agreement for Sprague Resources.

Barclays-Led Syndicate Amends Chatham Lodging Trust’s $250MM Revolver

Barclays Bank, Regions Capital Markets, Citibank, US Bank, Wells Fargo Bank, Bank of America, Citizens Bank and BMO Harris Bank are serving as participating lenders for an amendment to Chatham Lodging Trust’s $250 million revolving credit facility.

BNP Paribas Agents $2.565B Revolving Bank Facility for Freepoint Commodities

BNP Paribas is serving as administrative agent for a $2.565 billion revolving bank facility for Freepoint Commodities. ABN AMRO Capital, Coöperatieve Rabobank, ING Bank and Société Générale are serving as co-syndication and co-documentation agents.

Citibank, Wells Fargo Agent Amendment to Hersha Hospitality Trust’s Credit Facility

Citibank is serving as administrative agent and Wells Fargo is serving as syndication agent for an amendment to Hersha Hospitality Trust’s existing bank credit facility, which provides for an additional $100 million on the company’s $250 million senior revolving line of credit.

Bank of America Arranges $250MM Facility for Titan Machinery

Bank of America arranged a new five-year amended and restated credit agreement for Titan Machinery. The credit agreement provides for an aggregate $250 million financing commitment.

Deutsche Bank-Led Syndicate Boosts Marriott Vacations Facility to $531MM

According to an 8K filed with the SEC, Deutsche Bank, Bank of America, Credit Suisse, Truist Bank, Wells Fargo Bank, Fifth Third Bank, HSBC Bank USA and MUFG Bank upsized Marriott Vacations Worldwide’s warehouse credit facility to $531 million.

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