State Bank Financial and AloStar Bank of Commerce signed an agreement for State Bank to acquire AloStar in an all cash transaction with a purchase price estimated to be $196 million.
Gladstone Investment reduced its credit facility from $185 million to $165 million. KeyBank served as administrative agent for a group of lenders including Alostar Bank of Commerce, M & T Trust, East West Bank, Chemical Bank and Customers Bank.
TriplePoint Venture Growth has renewed its existing $200 million revolving credit facility. Deutsche Bank served as administrative agent and lender.
Chrome Capital announced it has closed on the first $40 million of an $80 million senior credit facility with Alostar Bank of Commerce and Comvest Capital as co-lenders.
Horizon Credit II has amended its syndicated revolving credit facility with a lender group led by KeyBank. The amendment increases the size of the facility to $70 million by adding a $20 million commitment from AloStar Bank of Commerce.
Broadwind Energy announced the extension of its $20 million credit facility with AloStar Bank of Commerce, consisting of a $15 million revolving line of credit and a $5 million term loan.
RetailCapital announced its re-brand as Credibly, along with the establishment of a facility with three participating banks — AloStar, WebBank and CapitalSource, a division of Pacific Western Bank.
AloStar Bank of Commerce Chairman and CEO Michael J. Gillfillan has announced his retirement effective April 15, 2015. The board announced the appointment of Andrew S. “Andy” McGhee as CEO.