Summit Hotel Properties’ joint venture with GIC, Singapore’s sovereign wealth fund, has successfully completed the refinancing of its $200 million senior credit facility.
Dave & Buster’s Entertainment, an owner and operator of entertainment and dining venues, amended its credit agreement, achieving favorable pricing and upsizing the term loan B facility to $900 million.
Service Properties Trust entered into a $650 million secured revolving credit facility. Wells Fargo Securities, PNC Capital Markets and BMO Harris Bank are the joint lead arrangers and joint lead bookrunners for the credit facility.
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 (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.
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.
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 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.
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.
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.