Alston & Bird Archives

NexTier Bank Acquires Mars Bank

NexTier, the holding company of NexTier Bank, and Mars Bancorp, the holding company of Mars Bank, entered into a definitive agreement whereby NexTier will acquire Mars.

BofA-Led Syndicate Refinances and Increases Hilton Grand Vacations’ Revolver to $1B

Hilton Grand Vacations refinanced and increased the capacity under its existing revolving facility from $800 million to $1 billion. Bank of America will remain the administrative agent for the new revolving credit facility.

Seacoast Bank Acquires Sabal Palm Bank and Florida Business Bank

Seacoast Banking Corporation of Florida, the holding company for Seacoast Bank, entered into agreements to acquire Sabal Palm Bancorp, parent company of Sabal Palm Bank, and Business Bank of Florida, parent company of Florida Business Bank.

BancorpSouth Bank and Cadence to Combine in Merger Valued at More Than $6B

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, Fifth Third, Union, Regions Provide $400MM Revolver to Anthem

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 Facilitates $50MM Revolver for TRADE X

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 Close Debt Financing for Blackstone’s Acquisition of Interior Logic

Citi and Goldman Sachs provided debt financing for Blackstone’s acquisition of Interior Logic Group.

ABI Names Houser President, Reynolds President-Elect

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.

Retail DIP Financing: Market Trends & Recent Deal Terms

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.

July 13, 2018 Alston & Bird | DIP financing | Jordan Myers ABF Journal

Guggenheim Agents $100MM Hana Financial Facility

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.

Tag Archives: Alston & Bird