Fifth Third Adds Alverio and Lemons to ABL Team, Promotes Littrell

Wanda Alverio and Andre Lemons joined Fifth Third Business Capital as vice presidents and ABL principals. In addition, John Littrell was promoted to group head of portfolio management.

April 14, 2021 Andre Lemons | Bill Stapel | Fifth Third Bank | Fifth Third Business Capital | John Littrell | Wanda Alverio Ian Koplin

Fifth Third Provides $22MM Debt Refinancing for American Shared Hospital Services

Fifth Third Bank closed a $22 million credit agreement for American Shared Hospital Services, a provider of technology solutions for stereotactic radiosurgery and advanced radiation therapy equipment and services. The agreement is composed of three loan facilities.

April 14, 2021 American Shared Hospital Services | Fifth Third Bank | Ray Stachowiak Ian Koplin

Harsco Refinances Term Loan, Extends Revolver with Aid from Goldman Sachs, Others

A syndicate of banks including Goldman Sachs acted as joint bookrunners and joint lead arrangers in connection with a new term loan B facility of $500 million as part of Harsco’s amendment to its senior secured credit agreement.

March 11, 2021 BMO Capital Markets | BofA Securities | Citigroup Global Markets | Fifth Third Bank | Goldman Sachs | Harsco | HSBC Securities | Pete Minan | PNC Capital Markets | RBC Capital Markets/Royal Bank of Canada Phil Neuffer

Citizens Amends Ribbon Communications’ Credit Agreement

Ribbon Communications executed a third amendment to its credit agreement. Citizens Bank, as administrative agent under the credit facility, led the amendment, which increased Ribbon’s existing term loan A credit facility by approximately $75 million.

March 8, 2021 Bank of America | Bank of Hope | Barclays Bank | Citibank | Citizens Bank | Fifth Third Bank | HSBC Bank | JPMorgan Chase Bank | M&T Bank | Miguel Lopez | Ribbon Communications | Santander Bank | Silicon Valley Bank Phil Neuffer

Truist, Fifth Third, Union, Regions Provide $400MM Revolver to Anthem

Truist Securities served as left lead arranger, Fifth Third Bank acted as joint lead arranger, Union Bank acted as syndication agent and Regions Bank acted as documentation agent on a $400 million revolving credit facility with a $150 million accordion for Anthem Entertainment.

March 4, 2021 Alston & Bird | Anthem Entertainment | Bank Hapoalim | Bank of America | Bennett Jones | CIT Bank | Fifth Third Bank | First Horizon Bank | Helen Murphy | HSBC Bank | Ontario Teachers' Pension Plan Board | Osler Hoskin & Harcourt | Pacific Premier Bank | Pinnacle Bank | Regions Bank | Scotiabank | Truist Securities | Union Bank | Weil Gotshal & Manges Phil Neuffer

Fifth Third Bank Provides $100MM Credit Facility to e-Commerce Retailer

Fifth Third Bank’s asset-based lending group acted as sole lender on a $100 million asset-based revolving credit facility for a West Coast-based e-commerce retailer.

February 11, 2021 Fifth Third Bank Phil Neuffer

Fifth Third Names Gibson Chief Enterprise Corporate Responsibility Officer/Head of Business Banking

Fifth Third Bank named Kala Gibson chief enterprise corporate responsibility officer and head of business banking. Fifth Third also promoted Stefanie Steward-Young to chief corporate social responsibility officer and Jada Grandy-Mock to chief corporate community and economic development officer.

December 2, 2020 Fifth Third Bank | Jada Grandy-Mock | Kala Gibson | Stefanie Steward-Young | Tim Spence Ellie Delany

How Has the Paycheck Protection Program Affected Bank-Owned ABL?

The Paycheck Protection Program has been top of mind for many lenders, particularly banks. ABF Journal learned about the experience of bank-owned asset-based lending groups with the program as well as expectations and concerns for the future in conversations with four leaders in the industry.

November 16, 2020 Bill Stapel | BMO Harris Bank | Cynthia Meyer | Fifth Third Bank | Jeffery Wacker | PNC Business Credit | Quinn Heiden | TD Bank Grace Garwood

KeyBanc Agents New $100MM Purple Innovation Credit Facility

Purple Innovation executed a new five-year $100 million senior secured credit facility, consisting of a $45 million term loan and a $55 million revolving line of credit, with a group of financial institutions led by KeyBanc Capital Markets.

September 4, 2020 Arvest Bank | Bank of Montreal | Fifth Third Bank | Joe Megibow | KeyBanc Capital Markets | KeyBank | Purple Innovation | Raymond James | Silicon Valley Bank | Truist | wells fargo Phil Neuffer

Fifth Third Leads $200MM Fortegra Financial Senior Secured Credit Facility

Fortegra Financial, a specialty insurer and subsidiary of Tiptree, closed on a $200 million senior secured credit facility from a syndicate of banks led by Fifth Third Bank.

August 12, 2020 Fifth Third Bank | Fortegra Financial Corporation | Mike Grasher | Tiptree Phil Neuffer