TeleTech secured a $900 million credit facility with an accordion feature to increase up to $1.2 billion. Wells Fargo Securities, Bank of America Merrill, BBVA Compass, HSBC, Bank of the West and KeyBank served as joint lead arrangers.
Ixia increased the maximum aggregate amount available on its revolving credit facility from $75 million to $150 million and extended the term by an additional two years. Silicon Valley Bank served as the administrative agent.
Capella Education entered into an amended and restated revolving credit agreement agented by Bank of America, which provides $100 million of borrowing capacity with a conditional $50 million increase option.
Bank of the West said Harry Yergey joined the bank as managing director and will manage a team focused on increasing the bank’s presence in New York and the Northeast with respect to lending, equipment finance and global trade services.
Rush Enterprises entered into an amendment with a lender group led by GE Capital Commercial as administrative agent for a facility that will provide $850 million to finance the company’s purchase of vehicle inventory and working capital.
Wine maker Truett-Hurst renewed its credit facilities with Bank of the West, increasing its revolving commitment to $10 million and extending an additional $500K in equipment financing.
Bank of the West said Lee Merkle-Raymond has joined the Commercial Banking Group to lead the bank’s growing focus on mid-cap technology companies.
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.