Webster, CoBank Support ZenFi, Cross River Merger

Webster Bank and CoBank will provide debt financing to support the merger of ZenFi Networks and Cross River Fiber. The funds will include additional capacity to support future growth.

CoBank Amends ShenTel Credit Agreement

According to an 8-K filing, Virginia-based ShenTel amended its credit agreement, with CoBank serving as administrative agent.

JPMorgan Chase Agents Westar $270MM Revolver Amendment

Westar Energy amended its $270 million revolving credit facility, extending the maturity to February 18, 2019. JPMorgan Chase acted as administrative agent and lender.

CoBank Provides New $92MM Facility to Otelco

Wireless communication provider Otelco refinanced its long-term debt with CoBank as administrative agent. The new facility includes a $87 million term loan and a $5 million revolver.

CoBank Provides $15MM Loan to Connecticut Water Service

Pursuant to a master loan agreement dated June 2009 and amended January 2012, CoBank provided Connecticut Water Service with a term loan in the principal amount of $15 million.

BofA Agents $930MM Facility for Rayonier

Rayonier Advance Materials amended its credit facility with Bank of America as administrative agent to support its acquisition of Tembec.

Rabobank Agents New $1.55B Facility for Pilgrim’s Pride

Pilgrim’s Pride entered into a credit agreement, effective May 8, 2017, for a new $750 million revolving credit facility and a term loan commitment of $800 million through a consortium of banks with Rabobank as administrative agent.

CoBank Agents $330MM Hawaiian Telcom Facility

Hawaiian Telcom entered into a credit agreement that provides for up to $330 million. CoBank served as administrative agent.

Webster Promotes Motl to EVP, Commercial Banking

Webster Bank promoted Christopher Motl, executive vice president, Middle Market Banking to executive vice president, head of Commercial Banking.

Wells, Others Provide Pacific Ethanol Refi

Pacific Ethanol, a leading producer and marketer of low-carbon renewable fuels, is refinancing its $155.1 million principal term debt via transactions with CoBank, First Farm Credit and Wells Fargo.