Tag Archives: Fifth Third Bank

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.

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.

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.

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.

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.

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.