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.

Flaherty, Whitaker Join Capital One in Chicago

Patrick Flaherty and Doug Whitaker joined Capital One’s U.S. Corporate Banking team in Chicago as relationship managers.

JPM Agents TPI Debt Refinancing with New $150MM Revolver

TPI Composites refinanced its existing $100 million senior secured credit facility with a new $150 million revolver. JPMorgan Chase served as administrative agent on the transaction.

Capital One Agents $65MM Facility for Stone Point

Capital One Financial Sponsors Group led a $65 million senior secured credit facility to support Stone Point Capital’s acquisition of Grace Hill. Capital One acted as lead arranger and administrative agent on the transaction.

Newtek Signs LOI for New $75MM SBA Facility with Capital One

Newtek Business Services signed a letter of intent for a proposed $75 million senior secured revolving credit facility through Capital One.

Capital One Closes $100MM Revolver for Monroe Capital

Capital One served as administrative agent and sole lender on a $100 million five-year senior secured line of credit for MRCC Senior Loan Fund I, a joint venture between Monroe Capital and NLV Financial.

Capital One Names Mullens Market President; Kearny to Retire

Capital One promoted David Mullens to Baton Rouge market president and manager of Commercial Banking for Southwest Louisiana and North Central Louisiana. He will be taking over from Ric Kearny, who is retiring in early March.

Capital One Adds Perry to Financial Sponsors Group

Stephanie Perry joined Capital One’s Financial Sponsors Group. The group focuses on developing and maintaining relationships with private equity firms and originating and evaluating new lending opportunities, including first lien, second lien and unitranche loans.

Capital One Closes $1B+ Unitranche Healthcare Commitments in 2017

Capital One’s unitranche loan program, ULTra, closed more than $1 billion in commitments to borrowers in the healthcare industry in 2017.