BofA Agents CSI Compressco Facility Downsize to $340MM

CSI Compressco completed an amendment to its credit agreement that reduced aggregate lender commitments from $400 million to $340 million. Bank of America served as administrative agent for the lender group.

MUFG Agents Willis Lease Finance Facility Upsize to $1B

Willis Lease Finance expanded its $700 million revolver by over 40% to $1 billion. MUFG Union Bank served as administrative agent for a syndicate of 13 banks.

Opus Hires Former CIT Exec to Head New Media & Entertainment Unit

Opus Bank formed a Media and Entertainment Banking division and named Jeffrey Zaks, former CIT vice president and head of Media and Entertainment Finance, to head the new division.

CIT, MUFG, Credit Agricole Provide $753MM for GE Energy Center

CIT Bank, MUFG Union Bank and Credit Agricole Corporate and Investment Bank led a group of 16 lenders in providing $753 million debt financing for the CPV Towantic Energy Center in Oxford, CT.

ABN AMRO Extends Eagle Bulk Forbearance Agreement

Eagle Bulk extended its forbearance and standstill agreement with its creditors, led by ABN AMRO, by a further 14 days to give it more time to find a solution to the money it owes in loans.

CIT Agents $50MM Credit Facility for Superior Biologics

CIT Healthcare Finance served as sole lead arranger and administrative agent for a $50 million senior secured credit facility to Superior Biologics, a specialty pharmacy provider.

Brentwood Closes Dividend Recap for Soft Surroundings

Brentwood Associates closed a dividend recapitalization financed through an expansion of an existing credit facility for Soft Surroundings.

GE Energy Financial Invests in Recurrent Solar Project

Recurrent Energy closed on a tax equity investment commitment with a unit GE Energy Financial Services for the 75 megawatt (MWac) Astoria 2 solar power project.

Santander Arranges Construction Debt to Support Recurrent Solar Project

Canadian Solar subsidiary Recurrent Energy closed on an equity commitment with GE Energy Financial Services for a 75 megawatt solar power project. A related debt facility was arranged by Santander and included Nord/LB, Radobank, Key Bank and CIT Bank.

CIT Announces Senior Management Appointments

Ellen R. Alemany has been appointed CEO and president of CIT Bank, effective immediately. CIT also appointed Robert C. Rowe, Steve Solk and Kenneth A. Brause, CRO, president of CIT Business Capital and treasurer, respectively.