Apartment Income REIT closed a new $1.4 billion credit facility. PNC Capital Markets and Wells Fargo Securities led the syndication as joint bookrunners and lead arrangers. PNC Bank is also the administrative agent and sustainability agent for the facility.
Kona Grill entered into a five-year amended credit agreement with KeyBank and Zions First National Bank providing for revolving and term credit facilities totaling $60 million.
Brentwood Associates closed a dividend recapitalization financed through an expansion of an existing credit facility for Soft Surroundings.