America’s Car-Mart extended the term of its revolving credit facilities to Sept. 29, 2024, and increased the total permitted borrowings to $600 million. In addition, CIBC Bank USA and Axos Bank joined the lending group.
Graybar completed the amendment and extension of its unsecured committed revolving credit facility. The amendment, among other things, extended the company’s five-year, $750 million revolving credit facility.
MUFG Union Bank, BMO Harris Bank, Wells Fargo, BOK Financial, First Horizon Bank, Arvest Bank and Commerce Bank increased America’s Car-Mart’s existing line of credit to from $241 million to $326 million. MUFG joined the group as a new lender.
Peabody successfully completed an amendment of its senior secured credit agreement and closed on commitments for a $270 million revolving credit facility, which is expected to lead to the release of a comparable amount of restricted cash over time.
A group of lenders led by Bank of America increased America’s Car Mart credit facility from $171.2 million to $200 million and extended the maturity date to December 12, 2019.
Commerce Bank announced that Jared Hall will assume the role of Bloomington market president. Hall was previously with Aldine Capital, Northern Trust and American National Bank.
From Gaining Market Share to Regulatory Compliance TD Bank’s Greg Braca, Joe Nemia Say It’s Full Speed Ahead
In March of this year, TD Bank announced its veteran banker in the metro-New York area Greg Braca would assume the post as head of Corporate and Specialty Banking. Some six months earlier, Joe Nemia joined the bank to lead its ABL group. Here, the two discuss everything from future plans for the unit to the bank’s ability to embrace the realities of doing business in a highly regulated environment.