Fifth Third Bank Archives

Fifth Third Provides Financing for PUPCO’s Acquisition of MIROC

WJ Partners supported its portfolio company Power-Utility Products (PUPCO) with its acquisition of MIROC. Fifth Third Bank provided financing for the acquisition and McGuire Woods provided legal services to WJ Partners and PUPCO.

Spence to Succeed Carmichael as CEO of Fifth Third Bank

Tim Spence will succeed Greg Carmichael as CEO of Fifth Third Bank following Carmichael’s retirement, which will take effect on July 5. Following his retirement, Carmichael will become executive chairman for the bank.

April 13, 2022 Fifth Third Bank | Greg Carmichael | Marsha Williams | Tim Spence Ian Koplin

Fifth Third Bank Expands and Extends Credit Facility with Bluegreen Vacations by $40MM

Bluegreen Vacations Holding, along with its wholly owned subsidiary, Bluegreen Vacations, expanded and extended its syndicated credit facility with Fifth Third Bank.

February 16, 2022 Bluegreen Vacations | Bluegreen Vacations Holding | Fifth Third Bank | Ray Lopez Ian Koplin

Citizens, Santander and Fifth Third Provide $525MM in Financing to SMART Global Holdings

SMART Global Holdings (SGH) completed refinancing transactions via a $275 million term loan A facility and a $250 million undrawn revolving credit facility.

February 8, 2022 Citizens Bank | Fifth Third Bank | Ken Rizvi | Santander Bank | SMART Global Holdings Ian Koplin

Wells Fargo Leads $880MM Credit Facility for Tupperware Brands

Tupperware Brands, a global consumer products company, raised $880 million in a new secured credit facility in order to refinance its existing credit facilities. Wells Fargo Bank is the administrative agent, swingline lender and issuing bank on the new facility.

HSBC and Fifth Third Arrange $225MM Credit Facility for GA Telesis

HSBC Bank and Fifth Third Bank served as joint lead arrangers on a five-year, $225 million syndicated asset-based lending credit facility for GA Telesis, an aviation integration company. The facility includes nine participating banks, with HSBC Bank as administrative agent.

November 16, 2021 Abdol Moabery | Alvin Khoo | Fifth Third Bank | GA Telesis | HSBC Bank Ian Koplin

Capital One-Led Syndicate Upsizes Accel Entertainment’s Credit Facility to $900MM

Accel Entertainment, a distributed gaming operator in the U.S., amended its existing senior secured credit facility to increase its borrowing capacity from $438 million to $900 million with a new five-year term with a syndicated group of banks. Capital One acted as the administrative agent for the facility.

JPMorgan Chase Agents $1.3B Credit Agreement for Healthcare Trust of America

Healthcare Trust of America and its operating partnership, Healthcare Trust of America Holdings, entered into a third amended and restated $1.3 billion revolving credit and term loan agreement. JPMorgan Chase Bank served as the administrative agent for the facility.

Wells Fargo, Fifth Third and BofA Increase Renewable Energy Group’s LOC to $250MM

Renewable Energy Group extended and increased its line of credit with Wells Fargo Capital Finance, Fifth Third Bank and Bank of America to a maximum of $250 million. The facility was also extended through five years through September 2026.

Fifth Third Appoints Mullins Climate Risk Officer

Fifth Third Bank appointed Michele Mullins the company’s first climate risk officer. The role expands Mullins’ duties as director of enterprise risk governance and business support and reflects the bank’s commitment to environmental sustainability.

September 27, 2021 Fifth Third Bank | Greg Carmichael | Michele Mullins Ian Koplin

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