TriplePoint Venture Growth amended its credit facility with Deutsche Bank as administrative agent, increasing the capacity to $210 million and extending the revolver period to February 20, 2020.
EverBank expanded its Lender Finance division and combined the Capital Equipment Finance and Business Credit units into a single group. The company added two former GE Capital employees to its senior management team.
EverBank will consolidate its Capital Equipment Finance and Business Credit units into a single organization called EverBank Business Finance. The new unit will be led by Ken Walters, previous head of EverBank’s Capital Equipment Finance business.
Hercules Capital expanded its credit facility with Wells Fargo Capital Finance under which EverBank has committed $25 million, for a total of a $120 million in capacity under a $300 million accordion credit facility.
TriplePoint Venture Growth has renewed its existing $200 million revolving credit facility. Deutsche Bank served as administrative agent and lender.