According to an 8K, Wells Fargo served as administrative agent and Wells Fargo Securities served as sole lead arranger and sole bookrunner on an amendment to Mayville Engineering Company’s credit facility. The amendment enhances the maximum leverage covenant ratio.
MUFG Bank served as administrative agent on a $1.18 billion senior secured amended and restated credit agreement for Sprague Resources.
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.
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.