Today’s News

    BofA Agents $450MM Revolvers for Hannon Armstrong

    Bank of America acted as an administrative agent on $450 million in credit facilities for Hannon Armstrong Sustainable Infrastructure Capital, a capital provider focused on reducing the impact of climate change.

    Crystal Financial Agents $55MM ABL Facility for Lacks Valley Stores

    Crystal Financial closed a $55 million senior credit facility for Lacks Valley Stores. The facility consists of a $15 million revolving line of credit and a $40 million term loan.

    Hoover Joins Mechanics Bank as VP/Senior Relationship Manager

    Scott Hoover joined Mechanics Bank as vice president, senior relationship manager in the Irvine, CA office. Hoover will be responsible for, among other things, originating and managing business loans and lines of credit.

    Société Générale Agents $1.25B Revolver for Cheniere Energy

    Société Générale acted as administrative agent on a $1.25 billion amended and restated revolving credit agreement for Cheniere Energy, a Houston-based energy company primarily engaged in LNG-related businesses.

    Ameris Bancorp, Fidelity Bank to Merge in $750.7MM Deal

    Ameris Bancorp, the parent company of Ameris Bank, and Fidelity Southern, the parent company of Fidelity Bank, signed a definitive merger agreement in which Fidelity will merge with and into Ameris in an all-stock transaction valued at approximately $750.7 million.

    SEC Fines BNY Mellon $54MM+ for Improper ADR Handling

    According to the Securities and Exchange Commission, Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts.

    Regions Agents $125MM ABL Facilities for Heritage Insurance

    Regions Bank acted as administrative agent on a new five-year $75 million term loan and $50 million revolver for Heritage Insurance Holdings, a property and casualty insurance holding company.

    Express Trade Capital Promotes Six

    Express Trade Capital, a provider of trade finance, factoring, purchase order financing and logistical solutions, promoted six members of its staff.

    Varagon Supports Graham Partners Investment in Giraffe Foods

    Varagon Capital Partners served as administrative agent and lead arranger on a senior secured credit facility to support Graham Partners’ investment in Giraffe Foods.

    Scotiabank, BMO Arrange $130MM Secured Financing for Ero Copper

    Ero Copper refinanced all of its current U.S. dollar denominated senior secured debt via a new $130 million debt financing, comprised of an $80 million senior secured term facility and a $50 million senior secured revolver, with Scotiabank and Bank of Montreal.