BB&T Provides $50MM Revolver for Applied Optoelectronics
Applied Optoelectronics entered into $50 million three-year revolver with BB&T. The company terminated credit agreements with East West Bank and Comerica Bank.
Applied Optoelectronics entered into $50 million three-year revolver with BB&T. The company terminated credit agreements with East West Bank and Comerica Bank.
Triangle Capital, a provider of capital to lower middle market companies, received a new commitment of $15 million from United Community Bank to its senior secured credit facility.
Aaron’s, a lease to own company, amended its credit facility with SunTrust Bank as administrative agent, increasing the revolving credit facility to $400 and adding a new $100 term loan.
ManTech International amended and restated its credit agreement with Bank of America as administrative agent, extending the maturity date and increasing the letter of credit sublimit.
United Leasing & Finance closed a $350 million, multi-year senior secured revolving credit facility with an accordion expansion to $475 million with Bank of America as agent.
ArcBest entered into a credit agreement with U.S. Bank as administrative agent, which increased commitments from $150 million to $200 million and included a $100 million accordion feature.
Boat and yacht retailer MarineMax expanded its financing facility to provide for borrowing of up to $350 million, up from its previous limit of $300 million. Wells Fargo CDF was the agent for the facility.
Royal Bank of Canada reduced the Northern Oil and Gas credit facility from $350 million to $325 million at its semi-annual redetermination. Concurrently, BB&T provided a separate $2.4 million term loan under the facility.
Jim Daly has been named president of BB&T’s West Florida region, replacing Ken Coppedge who retired.
Superior Uniform Group closed a credit facility consisting of a $35 million revolver and a $42 million term loan.