BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion.
Truist Securities served as left lead arranger, Fifth Third Bank acted as joint lead arranger, Union Bank acted as syndication agent and Regions Bank acted as documentation agent on a $400 million revolving credit facility with a $150 million accordion for Anthem Entertainment.
Finitive, a fintech platform providing institutional investors with direct access to private credit transactions, facilitated a $50 million senior secured revolving line of credit with an accordion feature of $100 million to TRADE X, a global B2B automotive trading platform.
Citi and Goldman Sachs provided debt financing for Blackstone’s acquisition of Interior Logic Group.
The American Bankruptcy Institute selected Chief Bankruptcy Judge Barbara J. Houser as president of the board of directors for a one-year term. In addition to Houser’s appointment, Robert P. Reynolds was named president-elect and will become president in April 2021.
DIP financing is a critical part of the turnaround process for retailers. Jordan Myers provides a detailed
guide to the recent trends as a growing number of retailers seek Chapter 11 protection.
Hana Financial secured a new $100 million factoring credit facility through the issuance of factoring contract backed notes. Guggenheim Securities served as sole syndication agent and arranger.