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

Fifth Third Advises Radio Systems, Agents ABL Acquisition Financing

Fifth Third served as financial advisor to Radio Systems in its acquisition by Clayton, Dubilier & Rice. Fifth Third Business Capital was administrative agent for the asset-based acquisition financing.

August 7, 2020 Clayton | Dubilier & Rice | Fifth Third Bank | Radio Systems Corporation Phil Neuffer

Citigroup-Led Syndicate Amends Harsco’s Credit Facilities

A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.

June 29, 2020 Bank of America | Bank of the West | BMO Harris Bank | Citigroup Global Markets | Fifth Third Bank | Goldman Sachs Bank | Harsco | HSBC Bank | ING Bank | KeyBank | Pete Minan | PNC Bank | Royal Bank of Canada | Santander Bank | The Huntington National Bank | Trust Bank Phil Neuffer

JPMorgan Chase Agents Refinanced $1.3B ABL Facility for Office Depot

According to an 8K filed with the SEC, JPMorgan Chase served as administrative agent on the refinancing of Office Depot’s existing asset-based credit facility, which now consists of a $1.2 billion revolving credit facility and a $100 million first-in, last-out facility.

April 21, 2020 Bank of America | Citizens Bank | Fifth Third Bank | Gerry Smith | Goldman Sachs Lending Partners | JPMorgan Chase | NYCB Specialty Finance Company | Office Depot | PNC | TD Bank | Truist Bank | U.S. Bank | wells fargo Phil Neuffer

Deutsche Bank-Led Syndicate Boosts Marriott Vacations Facility to $531MM

According to an 8K filed with the SEC, Deutsche Bank, Bank of America, Credit Suisse, Truist Bank, Wells Fargo Bank, Fifth Third Bank, HSBC Bank USA and MUFG Bank upsized Marriott Vacations Worldwide’s warehouse credit facility to $531 million.

April 3, 2020 Bank of America | Credit Suisse | Deutsche Bank | Fifth Third Bank | HSBC Bank USA | John E. Geller Jr. | Marriott Vacations Worldwide | MUFG Bank | Truist Bank | Wells Fargo Bank Phil Neuffer

Citigroup-Led Syndicate Arranges $280MM Term Loan for Harsco

As part of a syndicate of 14 banks, Citigroup served as a joint lead bookrunner and joint lead arranger for a new $280 term loan facility for Harsco Corporation.

April 1, 2020 Bank of America | Bank of the West | BMO Harris Bank | Citigroup | Fifth Third Bank | Goldman Sachs Bank | Harsco Corporation | HSBC Bank | ING Bank | KeyBank | Pete Minan | PNC Bank | Royal Bank of Canada | Santander Bank | The Huntington National Bank | Truist Bank Phil Neuffer

Fifth Third Agents $142MM Debt Facility with Soltage

Soltage raised a $142 million senior construction-to-term credit facility with Fifth Third Bank.

March 4, 2020 Fifth Third Bank | Soltage nadine