Cadence Bank announced changes to its organizational structure and new and increased responsibilities for several executives, including the transition of Billy Braddock from chief credit officer to chief banking officer.
Cadence Bank entered into a definitive agreement to sell its insurance operations, Cadence Insurance, to Arthur J. Gallagher & Co. for $904 million in cash.
Amplify Energy closed a senior secured reserve-based revolving credit facility with KeyBanc Capital Markets, Cadence Bank and Citizens Bank as joint lead arrangers and KeyBank as administrative agent.
Cadence Bank appointed Shanna Kuzdzal chief legal officer. Kuzdzal will succeed Chuck Pignuolo, who will retire on June 30. Kuzdzal was previously a senior executive vice president and general counsel for Stellar Bancorp.
Brazos Midstream and its subsidiary, Brazos Delaware II, completed the issuance of a $800 million senior secured Term Loan B due February 2030. The company used the net proceeds from the Term loan, along with excess balance sheet cash, to repay its existing $830 million term loan B due May 2025.
SWK Holdings, a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, signed the fifth amendment to the loan and security agreement with Cadence Bank.
Cadence Bank launched its new brand identity and corporate website, underscoring its continued commitment to helping people, companies and communities prosper and delivering on its brand promise of creating ease for customers.
Cadence Business Finance, a division of Cadence Bank, has committed $11.25 million as part of a credit facility for Business Interiors, a full-service contract furniture dealer and interior design consultant.
Producers Midstream II secured a new syndicated credit facility led by Texas Capital Bancshares, Bank of Oklahoma and Cadence Bank. The credit facility will allow the company to borrow up to an additional $200 million, assuming certain conditions are met.
Goodnight Midstream closed a $100 million revolving credit facility led by Wells Fargo Bank, along with participation from Texas Capital Bank, Cadence Bank and First Horizon Bank.