Group 1 Automotive completed a $2 billion five-year revolving syndicated credit facility with 21 financial institutions, including U.S. Bank, Bank of America and JPMorgan Chase.
Verity Health System of California filled voluntary petitions for protection under Chapter 11. Ally Bank will be providing secured DIP financing of up to $185 million.
REV Group, a manufacturer of specialty vehicle brands, acquired Ferrara Fire Apparatus, a custom fire apparatus and rescue vehicle manufacturer. Ally Bank served as administrative agent for a $350 million ABL revolver and a $75 million term loan to support the transaction.
Ally Commercial Finance announced that effective May 1, 2014, it will be aligned under Ally Bank, the direct banking subsidiary of Ally Financial. The business will change its name to Ally Corporate Finance.
Camping World announced today it secured a $525 million multi-year floor plan credit facility. Bank of America, which serves as administrative agent, led the transaction.