PNC Bank to Acquire Ambassador Financial Group

PNC Bank signed a definitive agreement to acquire Ambassador Financial Group, a provider of balance sheet management, investment banking and capital markets services to various financial institutions.

SunTrust, KeyBanc to Provide $200MM Facilities to Support Zix

SunTrust Bank and KeyBanc Capital Markets committed to providing e-mail security experts Zix with a new five-year $175 million term loan and a $25 million revolving credit facility.

Finitive Adds Lee, Geissler to Senior Leadership Team

Fintech lending platform Finitive appointed Steven Lee to lead the company’s San Francisco office and Guido Geissler as head of capital markets based in New York.

Santander Launches Specialized Banking Group Led by Vaughan Alexanderson

Emily Vaughan Alexanderson was tapped to lead a new banking group within Santander Bank’s Commercial Banking division that will focus on the needs of clients in the non-profit and educational industries, among others.

Hercules Renews Credit Facility with WFCF $75MM Initial Commitment

Specialty finance company Hercules Capital renewed its credit facility with Wells Fargo Capital Finance. WFCF has committed an initial $75 million in credit capacity under the $125 million accordion credit facility.

Twin Brook Agents Funding for SPL Atchafalaya Measurement Refi

Twin Brook Capital Partners served as administrative agent on funding to support the refinancing of Atchafalaya Measurement, an add-on acquisition by Southern Petroleum Laboratories.

Monroe Supports J.F. Lehman Acquisition of Inland Pipe Rehabilitation

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Inland Pipe Rehabilitation (IPR) by private equity sponsor, J.F. Lehman & Company.

Abacus Finance Promotes One to Sr. Associate, Two to VP

Abacus Finance Group promoted Brian Green and Rafal Rydzewski from senior associate to vice president and Joseph Lee from associate to senior associate.

Mustard Rejoins Celtic Capital as SVP of Client Development

Cindy Mustard rejoined Celtic Capital as senior vice president of Client Development for the Eastern Midwest.

Amerisource Provides $500K Facility to Mechanics Repair Company

Amerisource Business Capital closed and funded a $500,000 credit facility for a mechanical repair and service company based in Texas.