Wells Fargo Securities Archives

Crescent Capital BDC Completes Merger with First Eagle Alternative Capital BDC

Crescent Capital BDC merged with First Eagle Alternative Capital BDC. The combined company, which will remain externally managed by Crescent Cap Advisors, a subsidiary of Crescent Capital Group, has more than $1.6 billion of assets on a pro forma basis based on Dec. 31, 2022 financial information.

Diversified Healthcare Trust Amends Credit Agreement with Lenders

Diversified Healthcare Trust (DHC) amended its credit facility. Wells Fargo Securities, RBC Capital Markets, Citibank and PNC Capital Markets acted as joint lead arrangers for the amendment to DHC’s credit agreement. Wells Fargo Bank is the administrative agent and collateral agent for the facility.

Syndicate of Lenders Refinance Term Loan B and Upsize Revolver for Bowlero

Bowlero, an owner and operator of bowling centers, closed a $900 million term loan B. J.P. Morgan Securities, Wells Fargo Securities, Credit Suisse Securities and Deutsche Bank Securities served as deal managers.

February 9, 2023 Bowlero | Credit Suisse Securities | Deutsche Bank Securities | J.P. Morgan Securities | Wells Fargo Securities Ian Koplin

Wells Fargo Securities, BofA Securities Lead $2.5B ESG-Linked Credit Facility for Host Hotels & Resorts

Host Hotels & Resorts amended and restated its existing $2.5 billion credit facility. The agreement extends maturities from January 2025 to January 2028, including all extension options, and continues to provide a $1.5 billion revolving credit facility and two $500 million term loans.

GoldenTree Asset Management Closes $487MM CLO

GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management, closed a $487 million collateralized loan obligation to be managed by GLM II.

December 29, 2022 BofA Securities | GoldenTree Asset Management | GoldenTree Loan Management II | Morgan Stanley | Wells Fargo Securities Ian Koplin

Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.

Syndicate of Lenders Upsize and Extend Maturity of Park Hotels & Resorts’ Credit Facility to $950MM

Park Hotels & Resorts amended and restated its existing $901 million revolving credit facility to increase total capacity to $950 million, extend the maturity from December 2023 to December 2026, and release all collateral securing the credit.

KeyBanc Capital Markets Leads $700MM Refinancing of Sterling Check’s Credit Facility

Sterling Check closed a $700 million refinancing of the company’s credit facility and the authorization of a $100 million share repurchase program.

Wells Fargo Leads $800MM Credit Facility for Federal Signal

Federal Signal, a provider of environmental and safety solutions, completed a new five-year, $800 million credit facility to replace its existing $500 million credit facility. Wells Fargo will serve as administrative agent, swingline lender and issuing lender for the facility.

Service Properties Trust Amends Credit Agreement with Syndicate of Lenders

Service Properties Trust (SVC) amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.

Tag Archives: Wells Fargo Securities