Capital One served as administrative agent for a $1.2 billion senior secured asset-based revolving line of credit for EquipmentShare, an equipment rental supplier for the construction industry.
Capital One served as administrative agent and joint lead arranger on a senior secured unitranche facility to support Excellere Partners’ recapitalization in partnership with the founder and management of SePRO. The facility was provided in part by Capital One’s ULTra unitranche loan program.
Capital One Financial Sponsors Group led a $190 million senior secured credit facility to support the recapitalization of Situs Holdings by Stone Point Capital.
Richard Rizzo has joined the Capital One Corporate Banking team as a senior relationship manager in Philadelphia. Rizzo joins from MUFG/Union Bank where he served as a managing director.
Robert M. Stuart, Capital One Middle Market Commercial Banking head, will retire after more than 37 years with Capital One and its predecessors. Bob McCarrick and Steve Hemperley will take over Stuart’s responsibilities.
Capital One has appointed Jacob Villere as senior vice president to lead its West Coast Corporate Banking team. Villere will be based in Los Angeles.
Bob McCarrick joined Capital One’s Middle Market banking team as EVP and head of Middle Market Relationships. McCarrick joins from GE Capital, where he spent 23 years in various business and leadership roles.
With so much liquidity in the marketplace and the need to deploy it, banks and other lenders are entering the asset-based lending marketplace. ABF Journal speaks with five ABL leaders to get their insights on today’s competitive lending environment and their respective strategies to stimulate deal flow and to differentiate their institutions on such a crowded playing field.