BHI’s food and beverage group arranged a total of $61.6 million in two financing transactions for Teasdale Latin Foods and Resnick Distributors.
BHI closed a $15 million credit facility for Hotwire Communications, a national fiber optics internet cable provider for residential and commercial buildings based in Fort Lauderdale, FL.
BHI and its specialty and sponsor finance group provided a $55 million senior secured credit facility for an N.J.-based paper distributor, and also increased its revolver commitment of $45 million to support an acquisition for a private equity-owned manufacturer of specialty labels.
BHI, a full-service commercial bank, appointed Jeff Lubatkin chief credit officer. Lubatkin will oversee the bank’s credit and credit analysis departments and previously served at Santander Bank, Royal Bank of Scotland, Citizens Bank, JPMorgan Chase and Bank of America.
BHI appointed Jocelyn Bluth its chief people officer. Bluth joined BHI with more than 25 years of human resources experience in banking and financial services. She previously served as a human resources executive for Golub Capital.
BHI has appointed Doug Rutley as head of Real Estate, responsible for the bank’s commercial real estate loan portfolio, deposits and client base
BHI added two new industry verticals – Food & Beverage and Specialty & Sponsor Finance – to its New Jersey Representative Office in response to a surge in business activity across these industries.