Today’s News

    JPMorgan Chase Agents $12B Credit Facilities for DowDuPont

    JPMorgan Chase Bank acted as administrative agent and lead arranger on $12 billion in credit facilities for DowDuPont and its soon-to-be-spun-off subsidiary Corteva.

    BBVA Compass Names Goff Corpus Christi City President

    BBVA Compass appointed banking veteran Che Goff Corpus Christi City president. He succeeds Dan Brown, who is retiring from the banking industry.

    ACF Finco, Ares Agent $120MM ABL Financing for Teligent

    Pharmaceutical company Teligent entered into a new senior-secured asset-based first lien revolver with ACF Finco I as administrative agent and a definitive second lien credit agreement with Ares Capital as administrative agent.

    Fitch: Leveraged Loan Risks Appear Manageable for Now

    According to Fitch Ratings, leveraged loan risks to the U.S. banking system are manageable in the near term. However, negative rating actions for banks would become more likely in the event of a significant market disruption.

    Axos Bank to Acquire $225MM in Deposits from MWABank

    Axos Bank signed a deposit assumption agreement to acquire approximately $225 million in deposits from MWABank.

    First Financial Elects Ruzicka EVP/CIO

    John Ruzicka was elected executive vice president and chief information officer of First Financial Bankshares and chairman, president and CEO of First Technology Services, First Financial’s tech subsidiary.

    ABI: Healthcare Bankruptcies Provide Unique Challenges for Government

    Due to risks surrounding the vulnerability of patients, healthcare bankruptcies present government agencies with a unique set of challenges and responsibilities, according to a December ABI Journal article.

    HSBC Agents $20MM Downsize on Western Energy Revolver

    HSBC Bank Canada served as administrative agent, lead arranger and sole bookrunner on amendments which reduced the commitment on Western Energy’s syndicated revolving first lien credit facility from $70 million to $50 million.

    Rosenthal Provides $7.5MM in Facilities to Two Seafood Suppliers

    Rosenthal & Rosenthal completed two deals totaling $7.5 million on behalf of two of the country’s highest quality and most trusted seafood suppliers.

    Avidbank Supports Calyx Capital with Combined Credit Facilities

    Avidbank Specialty Finance provided an accounts receivable line of credit and a senior term loan to Calyx Capital Partners.