Marvell Doubles Credit Facility to $3B With $2B Accordion
Marvell Technology doubled its revolving credit facility to $3 billion with Bank of America, adding a $2 billion accordion and M&A leverage step-up.
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Marvell Technology doubled its revolving credit facility to $3 billion with Bank of America, adding a $2 billion accordion and M&A leverage step-up.
TeraWulf expanded its senior secured credit facility to $400 million with Morgan Stanley, adding a $150 million accordion and lifting letter of credit caps.
Apollo Debt Solutions BDC originated $1.6B of private debt in Q3 2026 with an 8.80% yield and 486 bps spread across a $25.5B direct lending portfolio.
Tradeweb agreed to acquire credit platform Trumid for $1.97B, expanding into grey markets, new bond issuance origination, and dealer-to-dealer protocols.
Bain Capital Private Credit closed $350M of 7.600% senior notes due 2031 and entered a matching SOFR swap to align liabilities with its direct lending portfolio.
CareTrust REIT completed an initial £576M UK care home acquisition from LNT, creating an accretive NNN-to-SHOP bridge and lifting 2026 Normalized FFO guidance.
The 2s10s Treasury yield curve steepened to +46 bps as the 10-year yield held at 5.24%, creating a challenging refinancing backdrop for corporate borrowers.
The Federal Reserve finalized rules to halve stress-test capital volatility using two-year averaging and mandate annual public comment on supervisory models.
The 10-year U.S. Treasury yield closed the third quarter at 5.29% as benchmark borrowing rates logged an 85-basis-point quarterly surge across debt markets.
Priority Technology will be taken private by CEO Thomas Priore and Searchlight Capital in a $1.6B cash deal at $8.05 per share, delisting PRTH from Nasdaq.