Banc of California hired Kris Gagnon as chief credit officer. Gagnon joins from CIT Bank, where he served as chief credit officer and brings expertise as a credit executive in commercial banking.
Mid-Con Energy Partners has acquired the assets of Powder River Basin. Wells Fargo served as administrative agent for an expansion of the company’s borrowing base to $125 million to support the transaction.
Eureka Midstream closed on a $400 million senior secured revolving credit facility with ABN AMRO Capital USA as administrative agent and sole lead arranger.
Upland Software closed a $200 million credit facility with Wells Fargo Capital Finance and CIT Bank as lead arrangers. Goldman Sachs USA, Regions Bank and Citizens Bank participated in the financing.
CIT Bank created a strategic partnership with Allstate. The joint venture, CIT Northbridge Credit, will provide revolving and term loan commitments to middle market companies.
Ygrene Energy Fund upsized its warehouse credit line to $410 million provided by Deutsche Bank, SunTrust Robinson Humphrey, Nomura Corporate Funding and new participant CIT Bank.
General Finance amended and extended its North American senior secured revolver with a syndicate led by Wells Fargo that also included: East West Bank, CIT Bank, KeyBank, Private Bank and Trust and Bank Hapoalim.
Macquarie Capital closed the first non-recourse project financing of battery-based energy storage systems with CIT Bank.
Upland Software closed an expanded credit facility that provides for up to $90 million in borrowing capacity with Wells Fargo Capital Finance and CIT Bank as joint lead arrangers
sPower, a private owner of utility-scale solar operating assets, completed a $434 million tax equity investment and construction/term loan. KeyBanc Capital Markets acted as coordinating lead arranger.