Arranger

Badger Daylighting Ltd. Announces Increase and Extension to Credit Facility

Retrieved on: 
Tuesday, October 1, 2019
Economy, Money, Finance, Credit, Loans, Bookrunner, Corporate finance, Initial public offering, Debt, Arranger, Lead arranger, Line of credit

CALGARY, Alberta, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Badger Daylighting Ltd. (Badger) is pleased to announce that its wholly-owned subsidiaries, Badger Daylighting Limited Partnership and Badger Daylighting Corp., have increased their senior secured credit facility (the Credit Facility) with a group of five lenders from $145.0 million to $300.0 million, with The Toronto-Dominion Bank as Sole Bookrunner, Co-Lead Arranger and Administrative Agent, and Canadian Imperial Bank of Commerce as Co-Lead Arranger and Syndication Agent.

Key Points: 
  • CALGARY, Alberta, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Badger Daylighting Ltd. (Badger) is pleased to announce that its wholly-owned subsidiaries, Badger Daylighting Limited Partnership and Badger Daylighting Corp., have increased their senior secured credit facility (the Credit Facility) with a group of five lenders from $145.0 million to $300.0 million, with The Toronto-Dominion Bank as Sole Bookrunner, Co-Lead Arranger and Administrative Agent, and Canadian Imperial Bank of Commerce as Co-Lead Arranger and Syndication Agent.
  • The Credit Facility maintains an accordion feature which could provide an additional $150.0 million of credit capacity.
  • The extension of the Credit Facility has no impact on Badgers existing US$75.0 million of senior secured notes, including the financial covenant ratios and the maturity dates.
  • We are pleased to have completed the increase and extension of the credit facility with strong support from our lenders.

Raven Industries Announces Replacement of Corporate Credit Facility

Retrieved on: 
Monday, September 23, 2019
Economy, Finance, Money, Credit, Bookrunner, Corporate finance, Initial public offering, Banking, Line of credit, Raven Industries, Arranger

SIOUX FALLS, S.D., Sept. 23, 2019 (GLOBE NEWSWIRE) -- Raven Industries, Inc. (the Company) (NASDAQ: RAVN), announced today that it has entered a new, three-year, $100 million senior unsecured multi-currency revolving credit facility (the Credit Facility), with BofA Securities, Inc. acting as sole bookrunner and lead arranger.

Key Points: 
  • SIOUX FALLS, S.D., Sept. 23, 2019 (GLOBE NEWSWIRE) -- Raven Industries, Inc. (the Company) (NASDAQ: RAVN), announced today that it has entered a new, three-year, $100 million senior unsecured multi-currency revolving credit facility (the Credit Facility), with BofA Securities, Inc. acting as sole bookrunner and lead arranger.
  • This new Credit Facility replaces the Companys prior credit agreement, which was scheduled to expire next fiscal year.
  • This revolving credit facility accomplishes that and ensures continued flexibility to pursue increased acquisition activity to augment our long-term profit growth.
  • Raven Industries (NASDAQ: RAVN) is dedicated to providing innovative, high-value products and solutions that solve great challenges throughout the world.

CIT Leads $140 Million Financing for California Solar Project

Retrieved on: 
Tuesday, September 10, 2019
Economy, Finance, Money, CIT Group, Tyco International, Lead arranger, Factoring, Arranger, Lotus Cars

NEW YORK, Sept. 10, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its Power and Energy business served as coordinating lead arranger for$140 millionin debt financing to support construction of the Lotus Solar Farm, a 67-megawatt solar project in Madera, California.

Key Points: 
  • NEW YORK, Sept. 10, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its Power and Energy business served as coordinating lead arranger for$140 millionin debt financing to support construction of the Lotus Solar Farm, a 67-megawatt solar project in Madera, California.
  • CIT led the financing for the Lotus project along with NORD/LB, which served as co-lead and joint lead arranger.
  • In addition to leveraging its financing and structuring expertise, CIT is also providing a comprehensive package of capital markets services and treasury management solutions.
  • The company's commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing.

MUFG's Project Finance Group Adds to List of Recent Honors, Winning Project Finance Lead Arranger of the Year Award From Power Finance & Risk

Retrieved on: 
Thursday, May 30, 2019
Economy, Finance, Money, Project finance, Arranger, Mitsubishi UFJ Financial Group, Lead arranger

"This award represents far more than just Louise's exceptional work in 2018," said Alex Wernberg, a Managing Director who oversees the Power Banking practice within MUFG's Project Finance business.

Key Points: 
  • "This award represents far more than just Louise's exceptional work in 2018," said Alex Wernberg, a Managing Director who oversees the Power Banking practice within MUFG's Project Finance business.
  • "As one of the power generation industry's leading bankers for many years, Louise has been at the forefront of this emerging sector throughout her stellar career.
  • In addition to Ms. Pesce's award, the MUFG Project Finance team captured PFR's 2018 Project Finance Lead Arranger of the Year, Renewables Lead Arranger of the Year, and Conventional Power Lead Arranger of the Year.
  • The PFR awards add to the recognition MUFG's Project Finance team has gained for its 2018 performance, winning Global Bank of the Year honors from both IJGlobal and Project Finance International.

Ares Management Corporation Highlights Fourth Quarter and Full Year U.S. Direct Lending Commitments

Retrieved on: 
Tuesday, February 19, 2019
Professional services, Banking, Finance, Other Professional Services, Fictional characters, Finance, Economy, Ares Management, Bookrunner, Loans, Credit, Arranger, Ares, Lead arranger, Line of credit

Ares Management Corporation (NYSE: ARES) is providing additional details on certain new financing commitments made by funds managed by its Credit Group across its U.S. direct lending strategies.

Key Points: 
  • Ares Management Corporation (NYSE: ARES) is providing additional details on certain new financing commitments made by funds managed by its Credit Group across its U.S. direct lending strategies.
  • Below is a description of 12 transactions that funds managed by the Ares Credit Group (collectively Ares) closed during the fourth quarter.
  • Ares served as administrative agent, collateral agent, joint lead arranger, and joint bookrunner for a senior secured credit facility to support Blackstones growth plans for the company.
  • Ares served as the administrative agent, sole lead arranger and bookrunner for a senior secured credit facility to support J.F.

Natixis Acts as Joint Lead Arranger and Bookrunner for US$775 Million Ascenty Acquisition Financing in Brazil

Retrieved on: 
Friday, December 21, 2018
Finance, Economy, Money, Arranger, Banking, Natixis, Bookrunner, Lead arranger

NEW YORK, Dec. 21, 2018 /PRNewswire/ --Natixis announced today it acted as Joint Lead Arranger and Bookrunner for the US$775 million financing of a portion of the acquisition of a majority stake in Ascenty LLC by Digital Realty.

Key Points: 
  • NEW YORK, Dec. 21, 2018 /PRNewswire/ --Natixis announced today it acted as Joint Lead Arranger and Bookrunner for the US$775 million financing of a portion of the acquisition of a majority stake in Ascenty LLC by Digital Realty.
  • Ascenty is one of Latin America's largest data center providers with 14 data centers in operation and / or under construction.
  • The financing provided for Ascenty marks Natixis' fifteenth infrastructure debt transaction in Latin America over the past two years, including transactions in Mexico, Chile, Peru and Brazil.
  • "The Ascenty acquisition financing furthers Natixis' track record of delivering innovative, high-quality financing solutions to the Latin American market.

Graybar Closes $750 Million Financing Deal

Retrieved on: 
Monday, August 13, 2018
Economy, Finance, Money, Banking, Corporate finance, Loans, Graybar, Arranger, Bookrunner, Lead arranger, Merrill Lynch, Bank

The amendment, among other things, extended the company's five-year revolving credit facility, increased the availability to $750 million and increased the accordion feature to $375 million.

Key Points: 
  • The amendment, among other things, extended the company's five-year revolving credit facility, increased the availability to $750 million and increased the accordion feature to $375 million.
  • The newfacility matures in August 2023 and will support Graybar's general working capital needs as well as its growth initiatives.
  • "This financing agreement gives Graybar additional flexibility to invest in innovation and accelerate our growth," said Graybar's Senior Vice President and Chief Financial Officer Randy Harwood.
  • Bank of America Merrill Lynch was the lead institution in the transaction, serving as the left lead arranger and sole bookrunner.