BB&T Makes $5MM Investment in Fintech Company Enigma

BB&T made a $5 million investment in Enigma, a DaaS company headquartered in New York City. This is the first outlay of BB&T’s previously announced $50 million fintech commitment.

BB&T Names Brame President of Central PA Region

BB&T named Alex Brame president of its Central Pennsylvania region. Brame succeeds Craig Kauffman, who left BB&T to pursue other career opportunities.

BB&T Upsizes Main Street Capital Facility to $680MM

Main Street Capital expanded the total commitments under its revolving credit facility from $655 million to $680 million. BB&T served as administrative agent for the 17-bank lender group.

BB&T Upsizes Main Street Capital Revolver to $655MM

Main Street Capital amended its revolving credit facility, increasing the total commitments from $585 million to $655 million while maintaining an accordion feature that allows for an increase up to $800 million.

BOKF Agents $200MM Revolver for Superior Pipeline

Superior Pipeline entered into a credit agreement with BOKF, formerly Bank of Oklahoma, as administrative agent for a five-year, $200 million senior secured revolving credit facility.

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.