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.
Sterling Check closed a $700 million refinancing of the company’s credit facility and the authorization of a $100 million share repurchase program.
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 (SVC) amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.
Westrock Coffee Company closed its business combination transaction with Riverview Acquisition Corp. In addition, the company entered into a new credit agreement that includes a $175 million senior secured first lien term loan facility and a $175 million senior secured first lien revolving credit facility.
Benefitfocus entered into a loan agreement led by JPMorgan providing for a senior secured credit facility in the amount of $140 million to replace the company’s existing revolving line of credit.
CBRE Group entered into a new five-year revolving credit agreement that increases its revolving credit facility to $3.5 billion from $3.15 billion.
Hersha Hospitality Trust closed on the refinancing of a $500 million senior secured credit facility and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties.
Waldencast Acquisition entered into a credit agreement that features $225 million in term loan and revolving credit facilities. JPMorgan Chase Bank is the administrative agent.
KLA closed an inaugural $1.5 billion sustainability-linked revolving credit facility. The new five-year facility reinforces the company’s commitment to its environmental, social, and governance programs and goals.
Aligned Data Centers increased its sustainability-linked loan from $375 million to $1.75 billion to accelerate its next phase of strategic growth and expansion. TD Securities, Wells Fargo Securities and Citizens Bank acted as joint bookrunners and joint lead arrangers for the facility.