Robert Alexander has joined East West Bank as senior vice president, asset-based financing relationship manager. Alexander was previously a senior vice president for U.S. Bank’s Asset Based Finance division.
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.
Identiv entered into a $10 million term loan agreement with Western Technology Investment and an up to $10 million asset-backed line-of-credit agreement through East West Bank’s Technology Banking Division.
Goodnight Midstream closed a $105 million syndicated revolver with a bank group led by ABN AMRO. Participants included Texas Capital, East West Bank and Cadence Bank.
Gladstone Investment reduced its credit facility from $185 million to $165 million. KeyBank served as administrative agent for a group of lenders including Alostar Bank of Commerce, M & T Trust, East West Bank, Chemical Bank and Customers Bank.
Fusion, a cloud services provider, has acquired Herndon, VA-based Apptix. The acquisition was financed with a new $70 million senior secured credit facility led by East West Bank.
Westmoreland Coal successfully added East West Bank as a 50% participant in its parent level revolving credit line in place of Bank of the West.
Omeros has entered into an amendment to its existing credit facility with Oxford Finance and East West Bank. The banks will provide an additional $20 million in unrestricted cash by funding the remaining tranches of the existing facility.
DigitalOcean, a cloud computing platform, secured a $130 million credit facility. KeyBanc Capital Markets served as joint lead arranger and joint bookrunner for the transaction.