TD Bank appointed Jill Gateman the new head of middle-market products and services. Gateman joined TD Bank from PNC, where she served as executive vice president and co-head of corporate banking.
Stampede Drilling entered into a new $50 million credit agreement with HSBC Bank Canada and TD Bank, consisting of a $20 million term loan and two $15 million revolvers.
The Liberty Company Insurance Brokers, a privately held insurance brokerage, completed a $340 million refinancing transaction on July 31. J.P. Morgan is the administrative agent for the facility, which includes a revolving credit facility, term loan and delayed-draw term loan.
The Eastern Company, an industrial manufacturer of engineered solutions serving commercial transportation, logistics and other industrial markets, established a new five-year, $90 million senior secured credit facility. TD Bank was the lead arranger for the transaction.
NFI Group, an independent bus and coach manufacturer, is working to complete a comprehensive refinancing plan, which will include amendments to its existing senior secured credit facilities.
FirstLight Power, a clean power producer, developer and energy storage company serving North America, completed the expansion of its corporate credit facility led by Royal Bank of Canada, TD Bank and Export Development Canada, the latter of which joined the facility with this expansion.
TD Bank and First Horizon entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on Feb. 28, 2022.
Non-prime consumer lender goeasy exercised the accordion feature of its revolving credit facility, increasing the facility to $370 million. A banking syndicate including BMO continues to underwrite the facility.
TD Bank Group and First Horizon Corporation mutually agreed to extend the outside date of their proposed merger transaction from Feb. 27 to May 27 in accordance with the terms of the merger agreement.
Converge Technology Solutions, a services-led, software-enabled IT & cloud solutions provider, increased its $500 million global revolving credit facility to $600 million under its accordion feature on its existing credit terms.