To get a handle on how the asset-based lending industry has traversed a tumultuous 2020 and where it is headed in 2021, ABF Journal spoke with executives from Siena Lending Group, Context Business Lending, PNC and BMO Harris in an exclusive Q&A.
Landec amended its credit facility with its current syndicate of lenders,;JPMorgan Chase, BMO Harris Bank and City National Bank.
Dean Foods has successfully increased the company’s borrowing base availability to $265 million under its senior secured revolving credit facility. Rabobank served as administrative agent for the transaction.
BMO Harris Bank has appointed Shaheena Khan as regional leader, retail banking, Minnesota and Western Wisconsin; Dalila Rouri as regional leader, retail banking, Florida; and Patrick Strieck, regional leader, retail banking, Arizona.
INTL FCStone amended its existing $262 million senior secured credit facility, increasing the size of the facility to $350 million. Bank of America Merrill Lynch and Capital One acted as joint lead arrangers on the transaction.
Realty Income has closed on an amended $3.25 billion credit facility. Wells Fargo served as administrative agent for the transaction.
Home energy provider Star Group closed a $300 million asset-based revolving credit facility with JPMorgan Chase as administrative agent.
Crain’s Business Journal reported that Toronto-based BMO Financial Group made a higher offer than Fifth Third Bank to acquire MB Financial, but MB’s board voted to go with the U.S.-based bank.