Wells Fargo Bank Archives - Page 5 of 26

Group 1 Automotive Completes $2B Revolving Credit Facility with 21 Financial Institutions

Group 1 Automotive completed a $2 billion five-year revolving syndicated credit facility with 21 financial institutions, including U.S. Bank, Bank of America and JPMorgan Chase.

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.

Wells Fargo Provides $25MM Credit Facility to Liquidity Services

Liquidity Services entered into a new credit facility with Wells Fargo Bank providing revolving loans up to a maximum aggregate principal amount of $25 million with a $10 million sublimit for standby letters of credit.

February 14, 2022 Jorge A. Celaya | Liquidity Services | Wells Fargo Bank Ian Koplin

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.

BofA and Wells Fargo Support Summit Hotel Properties’ Portfolio Acquisition

Through its existing joint venture with GIC, Summit Hotel Properties closed a portfolio acquisition of 26 hotels from affiliates of NewcrestImage. Bank of America and Wells Fargo Bank provided $410 million in debt financing to support the transaction.

Wells Fargo Expands OSI Systems’ Credit Facility to $750MM

OSI Systems entered into an amendment to its senior secured credit facility that increases the aggregate amount available from $535 million to $750 million. Wells Fargo Bank is the administrative agent for the facility.

BofA-Led Syndicate Refinances and Increases Hilton Grand Vacations’ Revolver to $1B

Hilton Grand Vacations refinanced and increased the capacity under its existing revolving facility from $800 million to $1 billion. Bank of America will remain the administrative agent for the new revolving credit facility.

Wells Fargo Amends NOW’s Revolving Credit Facility

NOW Inc. entered into an amendment to its existing senior secured credit facility with a syndicate of lenders, with Wells Fargo Bank serving as the administrative agent. The amendment, among others things, provides for a $500 million global revolving credit facility.

December 20, 2021 David Cherechinsky | NOW Inc. | Wells Fargo Bank Ian Koplin

BNP Paribas-Led Group Refinances $1.75B Sustainability-Linked Revolver for Bunge

Bunge closed on the refinancing of its $1.75 billion, three-year revolving credit facility. BNP Paribas, Credit Agricole, ING Bank, Natixis and Sumitomo Mitsui Banking Corporation served as active bookrunners, mandated lead arrangers and coordinators on the transaction.

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