According to an 8K filed with the SEC, JPMorgan Chase Bank served as administrative agent for an increase of $60 million to $260 million for the senior secured revolving credit facility of UGI Energy Services, a subsidiary of UGI Corporation.
Kimco Realty closed a new $2 billion revolving credit facility with commitments from 21 lending institutions, replacing the company’s existing $2.25 billion unsecured revolving credit facility.
Earthstone Energy entered into a new credit facility with a maturity date of November 21, 2024, a maximum credit amount of $1.5 billion and an initial borrowing base of $325 million.
Northern Oil and Gas launched an amended $800 million senior secured revolving credit facility, with Wells Fargo Securities serving as left lead arranger, bookrunner and administrative agent.
Citibank served as administrative agent on an amendment to KB Home’s revolving credit facility, which increased the borrowing capacity to $800 million and extended the maturity date to October 2023.
US Ecology and NRC Group Holdings entered into a merger agreement. Wells Fargo Securities and Bank of America Merill Lynch are leading financing to support the merger.
Certain subsidiaries of Jack in the Box intend to complete a refinancing of the company’s existing senior credit facility, which is comprised of a term loan and revolving credit facility, with a new securitized financing facility.