Today’s News

    Bank of the West Appoints Lockovitch as Chief Compliance Officer

    Bank of the West appointed Karin Lockovitch as the bank’s new chief compliance officer, responsible for overseeing bank compliance with regulatory requirements and with internal policies and procedures.

    Golub Capital Provides $255MM Facility to Aimbridge Hospitality

    Golub Capital served as administrative agent, joint bookrunner and joint lead arranger for a $255 million GOLD facility for Aimbridge Hospitality, a portfolio company of Lee Equity Partners and General Atlantic.

    Sumitomo Mitsui Provides $227MM DIP for Airbag Maker Takata

    Japanese airbag maker Takata has obtained a commitment for up to ¥25 billion ($227 million) in debtor-in-possession financing from Sumitomo Mitsui. Key Safety Systems of Michigan is purchasing the company, which filed Chapter 11 in the U.S.

    Wells Fargo Securities GIB Expands Team by Five

    Wells Fargo Government & Institutional Banking (GIB) named four public finance veterans to key management roles in Wells Fargo Securities (WFS), and one industry expert to the leadership team of its commercial banking practice.

    KKR’s Stalking Horse Bid for Bankrupt Medical Laundry Firm Approved

    A New York bankruptcy judge approved the $125 million sale of medical laundry firm Angelica to KKR, the company’s secured lender, after it received $65 million in DIP financing from Wells Fargo Capital Finance and Regions Bank.

    Deutsche Bank Agents $625MM Tesla Upsize

    Tesla amended its ABL agreement to increase revolving commitments from $1.2 billion to $1.825 billion, with provisions to increase the total to $2 billion. Deutsche Bank served as administrative agent.

    Encina Provides $25MM Revolver to Government Services Company

    Encina Business Credit provided a $25 million asset-based revolving credit facility to a government services company based in the Mid-Atlantic region of the U.S.

    SunTrust Agents $540MM American Renal Holdings Facility

    SunTrust Bank served as administrative agent for a new $540 million credit agreement with American Renal Holdings, consisting of a $100 million revolving facility and a $440 million term B loan facility.

    ING Upsizes Barry Callebaut Facility to $839MM

    Swiss chocolate maker Barry Callebaut increased its credit facility from €600 million ($671 million) to €750 million ($839 million). The facility is linked to the company’s sustainability rating, which increased to 72. ING Bank is the sustainability coordinator of the facility.

    Deutsche Bank Hires Rose as Head of Metals and Mining Americas

    Deutsche Bank hired Jonathan Rose as managing director and head of Metals and Mining Americas within its Industrials team.