Comerica Bank Archives

TD Bank Leads Amendment to AirBoss’ Revolving Credit Facility

AirBoss of America amended its senior secured revolving credit facility, downsizing the facility from $250 million to $150 million in 2024 and 2025, among other changes. TD Bank remains the sole lead arranger for the facility.

Comerica Bank Names Maiden Group Manager of Business Banking in Southern Dallas

Comerica Bank named Tim Maiden senior vice president and group manager for its southern Dallas business banking team. Previously, Maiden was a senior vice president and director of market development for Simmons Bank.

March 18, 2024 Comerica Bank | Corey Bailey | Tim Maiden Phil Neuffer

KeyBank Agents $300MM Credit Facility for DMC Global

DMC Global, an owner and operator of manufacturing businesses, closed a five-year, $300 million senior secured credit facility consisting of a $200 million revolving credit facility, a $50 million term loan and a $50 million delayed-draw term loan. KeyBank is serving as administrative agent for the facility.

Comerica Introduces Interest-Earning Solution for Business Banking Customers

Comerica Bank launched Comerica Maximize, a new solution that allows qualifying small business and business banking customers to earn interest income while growing and protecting their businesses with treasury services.

August 21, 2023 Allysun Fleming | Comerica Bank | Jim Weber Ian Koplin

Comerica Names Anderson Colorado Market President, Adds Middle-Market Banking Team

Comerica Bank named Jenae Anderson its first Colorado market president. Anderson will continue to oversee commercial lending in the Colorado market and lead a new middle-market team for the greater Denver area.

Comerica Adds Regional Directors for Small Business Banking Division

Comerica Bank appointed Sandra Felegy, Brent Harraman and Meghan Storey regional directors for its small business banking segment. They will cover California, Texas and Michigan, respectively.

March 16, 2023 Brent Harraman | Comerica Bank | Meghan Storey | Omar Salah | Sandra Felegy Ian Koplin

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

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