Arvest Bank Archives

BofA, BMO and Capital One Amend and Upsize Credit Facility for StoneX Group

StoneX Group agreed to amend its existing $401 million senior secured credit facility, extending the maturity through April 2025 and increasing the size of the facility to $475 million. Bank of America Merrill Lynch, Bank of Montreal and Capital One acted as joint lead arrangers on the credit facility

CIBC and Axos Join Lender Group for America’s Car-Mart’s Amended Facilities

America’s Car-Mart extended the term of its revolving credit facilities to Sept. 29, 2024, and increased the total permitted borrowings to $600 million. In addition, CIBC Bank USA and Axos Bank joined the lending group.

MUFG, BMO Harris and Others Increase America’s Car-Mart’s Line of Credit to $326MM

MUFG Union Bank, BMO Harris Bank, Wells Fargo, BOK Financial, First Horizon Bank, Arvest Bank and Commerce Bank increased America’s Car-Mart’s existing line of credit to from $241 million to $326 million. MUFG joined the group as a new lender.

KeyBanc Agents New $100MM Purple Innovation Credit Facility

Purple Innovation executed a new five-year $100 million senior secured credit facility, consisting of a $45 million term loan and a $55 million revolving line of credit, with a group of financial institutions led by KeyBanc Capital Markets.

Arvest Bank Refinances 1847 Goedeker’s $3.5MM Term Loan

Arvest Bank refinanced 1847 Goedeker’s $3.5 million term loan by providing a new five-year, 3.25% term loan. The original loan had a remaining term of 45 months and carried a rate of 12%. The refinancing reduced the annual debt service by nearly $410,000.

August 27, 2020 1847 Goedeker | Arvest Bank | Doug Moore Phil Neuffer

Bear State, Arvest Bank Merger Approved

Bear State Financial and Arvest Bank received all required regulatory approvals for their previously-announced merger.

April 3, 2018 Arvest Bank | Bear State Bank ABF Journal

BofA Agents America’s Car-Mart Facility Upsize to $200MM

A group of lenders led by Bank of America increased America’s Car Mart credit facility from $171.2 million to $200 million and extended the maturity date to December 12, 2019.

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