Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, promoted Russell Barrett to senior executive vice president and chief operations officer. Barrett joined Valley in 2021 and served as chief transformation officer the past two years.
ARM Energy Services, a private North American physical natural gas marketer, and Rabobank, a global food and agribusiness bank and a financier of the energy transition, amended their senior secured credit facility, increasing the revolving credit capacity by an additional $50 million to $160 million.
Rabobank amended ARM Energy Services’ senior secured credit facility, increasing the revolving credit capacity by an additional $50 million to $160 million. Five existing lenders and a new financial institution supported the transaction.
Six One Commodities (61C) closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility. The facility includes a $300 million accordion feature, bringing total capital available to $1 billion.
Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, hired Robert Danziger, a 30-year corporate finance veteran, as managing director, first senior vice president and head of the bank’s syndicated finance business.
Valley National Bank appointed Sanjay Sidhwani chief data and analytics officer. Sidhwani will oversee the bank’s data strategy and data management capabilities, including enterprise data architecture, data platforms and services, data governance, data risk and data literacy.
Trulieve Cannabis closed a commercial loan secured by a cultivation and manufacturing site in Florida for aggregate gross proceeds of $71.5 million. Three lenders provided the loan, with Valley National Bank serving as lead agent.
BB Energy, a global independent energy trading company, refinanced and expanded a $580 million senior secured borrowing base credit facility.
One Liberty Properties entered into an amendment to its $100 million credit facility which extends the facility through Dec. 2026, increasing the amount available to be borrowed for renovation and operating expense purposes.
BRT Apartments entered into an amended credit facility which increases to up to a total of $60 million the amount available to be borrowed for the acquisition of, and repayment of mortgage debt on, multi-family properties.