Today’s News

    Antares Capital Agents $145MM Senior Facility For Liberty Hall

    Antares Capital is serving as administrative agent and lead arranger on a $145 million senior secured credit facility to support the acquisition of AIM Aerospace by Liberty Hall Capital Partners.

    Experienced Banking Team Joins First Bank

    First Bancorp, the parent company of First Bank, added Joe DePasquale, Todd Rangel, Melissa Beane and Justin Combs as a new commercial lending and financial services team.

    Abacus Agents $18MM Senior Debt Financing For Gore’s Group

    Abacus Finance Group served as administrative agent and sole lead arranger for $18 million in senior secured credit facilities to support the carve-out of VITAC Corporation by The Gores Group.

    Access Capital Closes $1.75MM Revolver

    Access Capital has closed a new transaction consisting of a revolving credit facility of $1.75 million and a term loan totaling $100,000 for a staffing company specializing in the light industrial sector.

    J D Factors Closes Six Factoring Facilities

    J D Factors closed six factoring facilities recently, totally more than $2.5 million.

    Wells Fargo Agents $1B Refi Of SUPERVALU Credit Facility

    SUPERVALU completed the repricing, amendment and extension of its existing $1 billion asset-based revolving credit facility. Wells Fargo Bank served as administrative agent, swing line lender and LC issuer.

    Opus Bank Expands Pacific NW Commercial Banking Team

    Opus Bank added Ron Wilkowski to its Pacific Northwest Commercial Banking Team as senior managing director.

    Pacific Mercantile Bank Expands K1 Speed Credit Facility

    Pacific Mercantile Bank has increased its existing multi-million dollar credit facility with K1 Speed by 50%. The expanded credit facility is being utilized by K1 Speed to open four new indoor kart-racing locations around the country.

    Wells Fargo Capital Finance Agents $165MM Credit Line For BFS

    BFS Capital, a financing platform for small businesses, has entered into a $165 million amended and restated loan and security agreement with Wells Fargo Capital Finance as administrative agent.

    SunTrust Launches Fintech-Focused Commercial Banking Specialty

    SunTrust launched a new payments and technology industry specialty in Commercial and Business Banking. Eric Brewer, current head of Treasury and Payment Solutions at SunTrust, will lead this new specialty.