Capital One Taps BofA MD Porphy to Head New M&A Group

Online publications efinancialcareers reported that Bank of America Managing Director Jeffrey Porphy joined Capital One to head a new M&A advisory division.

Mastrianni Joins Capital One NE Middle Market Banking Group

Capital One named Lou Mastrianni northeast market manager in its Middle Market Banking group. He will lead the team focused on supporting clients in the northeast, including New York City.

Capital One Expands Middle Market Team in Dallas

Capital One added local commercial bankers Rachel Capps and Brent White to its Middle Market Commercial Banking team serving greater Dallas.

Capital One Agents $150MM AccessOne Facility

Capital One served as administrative agent, sole lead arranger and bookrunner on a $150 million senior secured credit facility for AccessOne.

Capital One Agents $420MM PennantPark L/C

Capital One served as administrative agent on a $420 million, five-year senior secured line of credit for PennantPark Senior Secured Loan Fund I, a portfolio company of PennantPark Floating Rate Capital.

Deutsche, Others Provide $40MM Facilities to RLH

Deutsche Bank, Capital One and Raymond James agreed to provide Red Lion Hotels a $30 million five-year credit facility and $10 million five-year revolver.

BofA, Others Support Albertsons/Rite Aid Merger

A group of lenders led by Bank of America and Merrill Lynch have committed to providing Albertsons with a $4.667 billion facility to support the company’s merger with Rite Aid.

Beck Joins Capital One as Treasury Management Head

Phil Beck joined Capital One as head of Treasury Management. Beck will oversee the strategy, sales and product development for the bank’s Solutions Group and report to Konrad Schwarz, executive vice president, head of Strategic Commercial Services.

Wells Fargo Upsizes Comfort Systems Facility to $400MM

Comfort Systems USA increased its credit facility from $325 million to $400 million and extended the term to April 18, 2023. Wells Fargo served as administrative agent on the transaction.

Results of the Capital One Annual ABS Survey: ABS, Technology on Upswing in Lending World

Thousands of financial professionals converged on Las Vegas in February for the annual SFIG Vegas event, providing a perfect opportunity to solicit their opinions on issues affecting the industry. Capital One conducted a survey at the annual conference, and Dave Kucera examines the results with ABF Journal editor Nadine Bonner.