News

The Wall Street Journal reported that former CIT Group CEO John Thain is expected to join Deutsche Bank’s supervisory group in May._x000D_ _x000D_

T-Mobile USA amended its $4 billion secured term loans and $2 billion revolver. Deutsche Bank, New York Branch acted as administrative agent for the term loans, while Deutsche Telekom acted as administrative agent for the revolver.

Mitsubishi UFJ Financial Group’s core commercial banking subsidiary, The Bank of Tokyo-Mitsubishi UFJ, changed its name to MUFG Bank as of April 1, 2018.

Hercules Capital increased FuelCell Energy’s credit facility to $25 million and extended the maturity date to 2020.

The Hartford Financial Services Group amended its $1 billion five-year credit agreement dated October 31, 2014 with Bank of America as administrative agent.

Law firms Foley & Lardner and Gardere Wynne Sewell completed their merger, effective April 1, 2018.

Sallyport Commercial Finance provided a $4 million working capital facility - including a $720,000 term loan - to a regional oil distributer.

Encana amended its credit facility with Royal Bank of Canada as administrative agent, reducing the size of the revolver from $3 billion to $2.5 billion and extending the maturity date to July 15, 2022.

ApplePie Capital provided debt financing to Tropical Smoothie to enable the company to offer new and existing franchisees access to up to $20 million in debt capital to drive continued expansion across the U.S.

Newtek Business Services signed a letter of intent for a proposed $75 million senior secured revolving credit facility through Capital One.