BMO Harris Agents $150MM Revolving Credit Facility for Synalloy

BMO Harris Bank provided metal and chemical manufacturer Synalloy Corporation with a four-year revolving credit facility with up to $150 million of borrowing capacity.

January 20, 2021 BMO Harris Bank | Chris Hutter | Synalloy Corporation Phil Neuffer

Abacus Promotes Lee to VP, Wise and Rendell to Associates

Abacus Finance Group promoted Joseph Lee from senior associate to vice president and Jacob Wise and Austin Rendell from analysts to associates.

January 11, 2021 Abacus Finance | Austin Rendell | BMO Capital Markets | BMO Harris Bank | GE Capital | General Electric | Jacob Wise | Joseph Lee | Tim Clifford Phil Neuffer

MUFG, BMO Harris and Others Increase America’s Car-Mart’s Line of Credit to $326MM

MUFG Union Bank, BMO Harris Bank, Wells Fargo, BOK Financial, First Horizon Bank, Arvest Bank and Commerce Bank increased America’s Car-Mart’s existing line of credit to from $241 million to $326 million. MUFG joined the group as a new lender.

January 4, 2021 America’s Car-Mart | Arvest Bank | BMO Harris Bank | BOKF | Commerce Bank | First Horizon Bank | MUFG | Vickie Judy | wells fargo Phil Neuffer

How Has the Paycheck Protection Program Affected Bank-Owned ABL?

The Paycheck Protection Program has been top of mind for many lenders, particularly banks. ABF Journal learned about the experience of bank-owned asset-based lending groups with the program as well as expectations and concerns for the future in conversations with four leaders in the industry.

November 16, 2020 Bill Stapel | BMO Harris Bank | Cynthia Meyer | Fifth Third Bank | Jeffery Wacker | PNC Business Credit | Quinn Heiden | TD Bank Grace Garwood

SFNet Virtual Convention Starting Nov. 17 to Address Future of Finance

The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.

November 12, 2020 Accord Financial Inc. | Ayesha Rascoe | B. Riley | Bank of America Business Capital | BDO USA | Blank Rome | BMO Harris Bank | CIT | Clear Thinking Group | Conway McKenzie | Danielle DiMartino Booth | David A. Brandon | Fortis Business Advisors | FTI Consulting | Gordon Brothers | Heritage Global Valuations | Hilco Global | Houlihan Lokey | James Mattis | Keybridge Research | Morgan Lewis | Nika White Consulting | North Mill Capital | Otterbourg P.C. | Paul Cronin | Richard Gumbrecht | Santandar Bank | Secured Finance Network | The Alta Group | Thinking Ahead Executive Search | Truist | Wells Fargo Capital Finance Ellie Delany

MUFG, Wells Fargo, Citizens, BMO Amend $175MM Term Loan for MaxLinear

According to an 8K, MUFG Union Bank, Wells Fargo, Citizens Bank and BMO Harris led an incremental amendment for a $175 million term loan A facility for MaxLinear. MaxLinear is using the financing to fund its completed acquisition of Intel’s home gateway platform division.

August 4, 2020 BMO Harris Bank | Citizens Bank | Kishore Seendripu | MaxLinear | MUFG Union Bank | Wells Fargo Bank Phil Neuffer

Forbes Ranks BMO Harris Bank as one of America’s Best Employers for Women in 2020

For the second consecutive year, Forbes named BMO Harris Bank one of America’s Best Employers for Women in 2020.

July 29, 2020 BMO Harris Bank | Forbes Magazine | Tracie Morris Phil Neuffer

Roadrunner Terminates BMO Facility in Relation to Ascent Global Spin-Off

Roadrunner Transportation Systems terminated its existing senior secured credit facility with BMO Bank Harris in connection with its plans to spin off Ascent Global Logistics as a stock dividend to stockholders.

July 27, 2020 Ascent Global Logistics | BMO Harris Bank | Chris Jamroz | Frank Hurst | Roadrunner Transportation Systems | Tom Stenglein Phil Neuffer

KPS Capital Partners Acquires Assets of Briggs & Stratton for $550MM

KPS Capital Partners will acquire substantially all of the assets of Briggs & Stratton, including equity of foreign subsidiaries, for approximately $550 million.

July 20, 2020 Bank of America | BMO Harris Bank | Briggs & Stratton | Kirkland & Ellis | KPS Capital Partners | Michael Psaros | PNC Business Credit | United Steelworkers of America | wells fargo Phil Neuffer

Citigroup-Led Syndicate Amends Harsco’s Credit Facilities

A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.

June 29, 2020 Bank of America | Bank of the West | BMO Harris Bank | Citigroup Global Markets | Fifth Third Bank | Goldman Sachs Bank | Harsco | HSBC Bank | ING Bank | KeyBank | Pete Minan | PNC Bank | Royal Bank of Canada | Santander Bank | The Huntington National Bank | Trust Bank Phil Neuffer