Bank of the West said it hired Phil Kain as director of the bank’s private equity group. Kain was previously with Fifth Third Bank where he led teams in its structured finance group.
Bank of the West said that Diane Marshall was appointed as VP/national banking officer with responsibility for new business development in Chicago. Most recently, she was a VP for Fifth Third Bank in its Structured Finance Group serving middle-market private equity-owned companies.
Westmoreland Coal Company announced an increase to $60MM in its revolving line of credit, adding Bank of the West to join PrivateBank and Trust Company as lender.
UTi Worldwide announced the successful closing of its senior secured ABL with Citigroup Global Markets, Morgan Stanley Senior Funding and Bank of the West.
Lithia Motors announced it completed a $1 billion, five-year revolving syndicated facility with 13 institutions — including U.S. Bank, JPMorgan and others — that will expire in December 2018.
Camping World announced today it secured a $525 million multi-year floor plan credit facility. Bank of America, which serves as administrative agent, led the transaction.
Corgenix Medical closed on a $1.5 million secured revolving line of credit with Bank of the West. The new line of credit provides Corgenix a favorable interest rate and greater flexibility.
Bank of the West said John C. Thurston, the bank’s Commercial Banking Regional Manager in Chicago, will now also head the bank’s Private Equity Team.
American Vanguard entered into an amended and restated credit facility to support the global growth of its businesses. The Bank of the West-led lending group includes BMO Harris, Wells Fargo, Union Bank, Agstar Financial Services and Greenstone Farm Credit Services.
Bank of the West said it intends to add 50 team members to its national banking division to support growth among middle-market companies.