Koppers entered into a credit agreement with PNC Bank and Wells Fargo Bank for an $800 million revolving credit facility, a $50 million swingline facility and one or more incremental revolving or term loan facilities.
Lucid Group entered into a credit agreement on June 9 with a syndicate of banks providing a secured asset-based revolving credit facility with an initial committed amount of up to $1 billion. Bank of America is the administrative agent and swingline lender.
Goodnight Midstream closed a $100 million revolving credit facility led by Wells Fargo Bank, along with participation from Texas Capital Bank, Cadence Bank and First Horizon Bank.
Castleton Commodities International closed a $2.2 billion borrowing base facility consisting of a $1 billion 18-month tranche and a $1.2 billion two-year tranche. The facility also includes a $1 billion accordion, which remains available to support future liquidity needs and growth.
Freepoint Commodities closed a $2.63 billion revolving bank facility. The facility consists of a $1.57 billion, three-year committed tranche and a $1.05 billion, one-year uncommitted tranche. Additionally, the facility has a $570 million accordion feature. BNP Paribas is the administrative agent for the facility.
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.
AMETEK completed an amended and restated revolving credit facility, increasing the size from $1.5 billion to $2.3 billion. JPMorgan Chase Bank, Bank of America, PNC Bank, Truist Bank and Wells Fargo Bank, acted as joint lead arrangers and joint book managers for the credit facility.
Smith Micro Software entered into a secured revolving credit facility with Wells Fargo Bank. This revolving line of credit provides the company with borrowings of up to $7 million that can be utilized to finance the company’s working capital requirements and other general corporate purposes.
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.
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.