Corts Succeeds Willett as BB&T Tennessee Region President

BB&T named Christian Corts president of its Tennessee Region. He will succeed Mike Willett, who is relocating to Winston-Salem, NC where he will join the tax exempt lending area within Community Banking Administration.

BB&T Names Rhodes President of Delaware Valley Region

BB&T named Travis Rhodes president of its Delaware Valley Region. Rhodes will succeed Scott Gamble, who is retiring after a 34-year banking career.

Rosenthal to Acquire BB&T Factoring Portfolio

Rosenthal & Rosenthal completed a deal to acquire the domestic factoring portfolio of financial services holding company BB&T.

BB&T Upsides Synalloy ABL Facility to $65MM

Synalloy refinanced and increased its asset-based ABL facility with Branch Banking and Trust from $45 million to $65 million. The ABL will be used to finance working capital needs and as a source for funding future acquisitions.

BB&T Provides $50MM Revolver for Applied Optoelectronics

Applied Optoelectronics entered into $50 million three-year revolver with BB&T. The company terminated credit agreements with East West Bank and Comerica Bank.

United Community Bank Adds $15MM to Triangle Capital Facility

Triangle Capital, a provider of capital to lower middle market companies, received a new commitment of $15 million from United Community Bank to its senior secured credit facility.

SunTrust Upsizes Aaron’s Facility to $500MM

Aaron’s, a lease to own company, amended its credit facility with SunTrust Bank as administrative agent, increasing the revolving credit facility to $400 and adding a new $100 term loan.

BofA, Others Amend and Extend ManTech International Facility

ManTech International amended and restated its credit agreement with Bank of America as administrative agent, extending the maturity date and increasing the letter of credit sublimit.

BofA Agents $350MM Credit Facility for United Leasing & Finance

United Leasing & Finance closed a $350 million, multi-year senior secured revolving credit facility with an accordion expansion to $475 million with Bank of America as agent.

U.S. Bank Agents $50MM ArcBest Upsize

ArcBest entered into a credit agreement with U.S. Bank as administrative agent, which increased commitments from $150 million to $200 million and included a $100 million accordion feature.