Cornerstone Provides $1.2MM Facilities to Torotel

Torotel completed a $1 million ABL revolving credit facility and a $250,000 12-month term loan with Cornerstone Bank.

ABN AMRO Launches Blockchain Pilot with Samsung SDS, Port of Rotterdam

ABN AMRO launched a new pilot in partnership with the Port of Rotterdam and Samsung SDS, Samsung’s logistics and IT division.

Chinese Car Maker FAW Signs $144B Credit Line with 16 Banks

The Financial Times reported that Chinese car maker FAW Group signed a $144 billion credit line with 16 banks, including China Construction Bank, Industrial and Commercial Bank of China, Bank of China and Agricultural Bank of China.

Wells Fargo Executive Shake-Up Sends Hardison, Julian Packing

Wells Fargo’s Chief Administrative Officer Hope Hardison and Chief Auditor David Julian have begun leaves of absence from Wells Fargo. The company has made several key leadership appointments in the wake of their leaving.

Encina Provides $18MM Facility to Plastic Molding Firm

Encina Business Credit provided an $18 million senior secured credit facility to a plastic injection molding company.

Wells Fargo, Fortress Support Perry Ellis Acquisition

An entity controlled by George Feldenkreis acquired Perry Ellis International through a $437 million transaction. Perry Ellis was subsequently converted into a private company.

Jefferies Agents $180MM Term Loan for Surgery Partners

Surgery Partners closed an incremental term loan amendment, which provided for the issuance of a $180 million senior secured incremental term loan under the borrower’s credit agreement, dated August 31, 2017.

Waldrip Joins Austin Financial as Regional SVP

Todd Waldrip joined Austin Financial Services as regional senior vice president, business development officer for the Southeast Division.

NBC Agents $200 Facility for Cobalt 27

Cobalt 27 Capital amended and upsized its revolving term credit facility, increasing the amount from $180 million to $200 million. National Bank of Canada served as administrative agent on the facility.

Webster Appoints Hayles to Board of Directors

Webster Financial appointed E. Carol Hayles to its and Webster Bank’s boards of directors, effective October 23, 2018. She also has been appointed to the Audit and Risk Committees of the boards.