Innovative Food Holdings announced it completed a financing transaction with Fifth Third Bank that will provide a $1 million revolving credit facility and a $1 million term credit facility.
The SEC charged Fifth Third and its former CFO, Daniel Poston, with improper accounting of commercial real estate loans in the midst of the financial crisis.
Rouse Properties announced the closing of a new $510 million corporate credit facility. Key Bank acted as administrative agent.
Crawford & Company announced an amended five-year, $400 million revolver with a syndicate of banks led by Wells Fargo Securities and Bank of America Merrill Lynch as joint lead arrangers and joint lead bookrunners.
HEICO announced it increased its $670 million revolver to an aggregate future capacity of $1 billion. SunTrust Bank, Bank of America and Wells Fargo Bank acted as lead managers.
Waypoint Leasing announced it closed on a five-year $335 million revolver. Credit Suisse acted as joint lead arranger, joint bookrunner and administrative agent.
Fifth Third Bank announced that Richard Cushman, 51, joined the bank as senior vice president and Commercial Banking team lead.
Industrial Services of America announced it obtained a new $4 million credit facility from The Bank of Kentucky. The credit facility supports ISA’s existing credit facility with Fifth Third Bank.
Deer Valley said it extended its existing revolving line of credit with Fifth Third Bank, which provides for a maximum revolving principal limit of $3 million.
The Chicago Tribune reported that the owner of a recreational vehicle dealership and nine others were indicted on charges they defrauded more than $56 million from lenders in an alleged scheme involving bogus vehicle sales.