The Eastern Company, an industrial manufacturer of engineered solutions serving commercial transportation, logistics and other industrial markets, established a new five-year, $90 million senior secured credit facility. TD Bank was the lead arranger for the transaction.
Merit Medical Systems entered into a five-year senior secured credit agreement. The credit agreement includes a revolving credit facility in an aggregate principal amount of up to $700 million and a term loan facility in an aggregate principal amount of up to $150 million. Wells Fargo Bank is acting as administrative agent for the facilities.
Ironwood Pharmaceuticals entered into a definitive agreement to acquire VectivBio for an estimated aggregate consideration of approximately $1 billion. Citibank, Citizens Bank, JPMorgan Chase, Royal Bank of Canada and Wells Fargo provided financing for the transaction.
NFI Group, an independent bus and coach manufacturer, is working to complete a comprehensive refinancing plan, which will include amendments to its existing senior secured credit facilities.
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.
Non-prime consumer lender goeasy exercised the accordion feature of its revolving credit facility, increasing the facility to $370 million. A banking syndicate including BMO continues to underwrite the facility.
Excelerate Energy entered into an amended and restated senior secured credit agreement. Proceeds from the term loan facility are intended to be used for the acquisition of the FSRU Sequoia, which is currently under a bare boat charter with a third party until mid-2025.
Koppers Holdings, an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, priced and allocated a seven-year $400 million senior secured Term Loan B. Wells Fargo Bank is acting as sole and exclusive administrative agent.
Nautilus amended its existing credit facility by refinancing the previous term loan with a new $30 million term loan, thereby increasing the company’s total credit facility to $130 million.
BB Energy, a global independent energy trading company, refinanced and expanded a $580 million senior secured borrowing base credit facility.