Last week, Fifth Third Bank hosted its sixth Supplier Diversity Summit, providing an opportunity for suppliers to explore best practices and connect with Fifth Third representatives and other corporate and community partners.
Hersha Hospitality Trust closed on the refinancing of a $500 million senior secured credit facility and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties.
Alliance Entertainment Holding Corporation, a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades and collectibles, expanded its line of credit to $225 million from $175 million.
FLEETCOR Technologies amended its pro-rata credit facility, increasing the overall facility size from $4.01 billion to $4.5 billion and extending the maturity to a new five-year term ending in June 2027. Bank of America is the administrative agent.
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.
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.
Bluegreen Vacations Holding, along with its wholly owned subsidiary, Bluegreen Vacations, expanded and extended its syndicated credit facility with Fifth Third Bank.
SMART Global Holdings (SGH) completed refinancing transactions via a $275 million term loan A facility and a $250 million undrawn revolving credit facility.
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 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.