Fifth Third Bank Provides $100MM Credit Facility to e-Commerce Retailer
Fifth Third Bank’s asset-based lending group acted as sole lender on a $100 million asset-based revolving credit facility for a West Coast-based e-commerce retailer.
Fifth Third Bank’s asset-based lending group acted as sole lender on a $100 million asset-based revolving credit facility for a West Coast-based e-commerce retailer.
Wells Fargo, Bank of America, JPMorgan and the Royal Bank of Canada closed a $125 million asset-based loan for Oil States, a products and services provider to the oil and natural gas, industrial and military sectors. Wells Fargo acted as administrative agent on the transaction.
CIBC Innovation Banking provided a $33 million growth capital facility for Bloomerang, an Indianapolis-based provider of cloud-based donor management and fundraising software for small and midsize nonprofits.
JPMorgan, principal lender to Potbelly, amended the company’s existing senior secured revolving credit facility and provided a $25 million asset-based loan that matures on Jan. 31, 2023.
U.S. Bank appointed Marcus Martin managing director and head of environmental, social and governance for its fixed income and capital markets business.
TAB Bank provided a $12 million asset-based credit facility to an Ohio-based aluminum extrusion manufacturing company. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.
Black Olive Capital provided an inventory revolving line of credit totaling $1.5 million to a manufacturer and seller of HVAC products through Amazon.
TD Securities served as left lead arranger and bookrunner on a senior secured credit facility for Strategic Venue Partners, a provider of in-building wireless connectivity-as-a-service.
JPMorgan is acting as administrative agent on SWM’s amended credit agreement, which provides the company with a new $350 million term loan facility. JPMorgan, BofA Securities, Barclays Bank and Truist Securities are acting as joint bookrunners and joint lead arrangers.
First Citizens BancShares, the parent company of First Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, jointly received stockholder approval to merge companies.