Comerica Bank Archives

Syndicate of Lenders Provide $400MM Credit Facility to Gibraltar Industries

Gibraltar Industries closed on a $400 million five-year revolving credit facility. KeyBanc Capital Markets, Bank of America, M&T Bank and PNC Bank acted as joint lead arrangers for the new facility, with Comerica Bank, TD Bank and Wells Fargo serving as co-documentation agents.

Comerica Bank Delivers $100MM Revolver to Warby Parker

According to an 8K filed with the SEC, Comerica Bank is serving as administrative agent, sole lead arranger and sole bookrunner for a $100 million revolving credit facility for Warby Parker, a retailer of eyewear. The facility also has a $75 million accordion, providing for a maximum of $175 million in funding.

October 11, 2022 Comerica Bank | Warby Parker Ian Koplin

Comerica Names Ursuy EVP, National Businesses for Energy, Renewables and Waste

Comercia Bank named Joe Ursuy executive vice president of national businesses for energy, renewables and waste. Ursuy most recently served as senior vice president and director of environmental services at Comerica, leading the bank’s environmental services department.

August 24, 2022 Comerica Bank | Joe Ursuy | Mike Ritchie Ian Koplin

Comerica Names Bailey Head of Middle-Market and Business Banking

Comerica Bank named Corey Bailey executive vice president and head of middle-market and business banking. Bailey is a 25-year veteran of Comerica, previously serving as executive vice president of credit risk management and decisioning.

August 16, 2022 Comerica Bank | Corey Bailey | Peter Sefzik Ian Koplin

Comerica Bank Leads Syndicate Extending Archaea Energy’s Credit Agreement by $450MM

Archaea Energy obtained binding commitments from five financial institutions to amend its revolving credit and term loan agreement to, among other things, increase aggregate total commitments by approximately $450 million to a total of at least $920 million.

Group 1 Automotive Completes $2B Revolving Credit Facility with 21 Financial Institutions

Group 1 Automotive completed a $2 billion five-year revolving syndicated credit facility with 21 financial institutions, including U.S. Bank, Bank of America and JPMorgan Chase.

Comerica Bank Hires Anderson to Lead Commercial Banking in Colorado

Comerica Bank hired Jenae Anderson as head of commercial banking. At Comerica, Anderson will oversee commercial lending and community engagement while leading a team of lenders to expand the bank’s presence in Colorado.

February 17, 2022 Comerica Bank | Jenae Anderson | Steve Richins Ian Koplin

Bank of America Agents $650MM Credit Facility for Casella Waste Systems

Casella Waste Systems, a regional solid waste, recycling and resource management services company, entered into a $650 million amended and restated credit agreement with Bank of America as administrative agent and swing line lender.

December 29, 2021 Bank of America | Casella Waste Systems | Citizens Bank | Comerica Bank | JPMorgan Chase Bank Ian Koplin

BroadOak Provides $8MM Term loan to Interpace Biosciences

Interpace Biosciences, along with its subsidiaries, entered into an $8 million term loan with BroadOak Fund V. Interpace Biosciences used the proceeds primarily to repay principal and interest on the $7.5 million short-term promissory notes due to the company’s two private equity stockholders.

Comercia Bank Provides $7.5MM Credit Facility to Interpace Biosciences

Interpace Biosciences, along with its subsidiaries, entered into a $7.5 million revolving credit facility with Comerica Bank.

October 18, 2021 Comerica Bank | Interpace Biosciences | Thomas Burnell Ian Koplin

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