Babcock & Wilcox Enterprises, a provider of energy and environmental products and services, entered into a new three-year senior secured credit agreement with Axos Bank under which Axos has provided an asset-based revolving credit facility of up to $150 million.
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.
Star Mountain Capital closed a $225 million asset-based leverage facility led by ING Capital. The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking Company and Customers Bank.
JPMorgan acted as administrative agent for the lending group of Barclays Bank, Axos Bank, VNB New York and China CITIC on a $135 million secured revolving credit facility for Broadmark Realty Capital, a real estate finance company.
Axos Bank has been approved by the Office of the Comptroller of the Currency to close the deposit assumption agreement with MWABank on March 15, 2019.
Axos Bank signed a deposit assumption agreement to acquire approximately $225 million in deposits from MWABank.