Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.
Flagship Healthcare Trust, a Charlotte, NC-based outpatient healthcare real estate investment trust, expanded its syndicated senior revolving credit facility arranged by Fifth Third Bank.
Green Plains completed a five-year, $350 million senior secured sustainability-linked revolving credit facility to support general corporate and working capital needs of the company. ING Capital, PNC, Fifth Third, Bank of America and BMO Harris Bank served as joint lead arrangers.
Huttig Building Products entered into a new $250 million senior credit facility. JPMorgan Chase is the administrative agent, joint bookrunner and joint lead arranger for the facility.
Fifth Third Bancorp entered a definitive agreement to acquire Provide, a digital platform for healthcare practices. The transaction adds digital capabilities addressing the lending and banking needs of retail healthcare providers.
Fifth Third Bancorp appointed Jamie Leonard to the role of CFO, effective immediately. The company also appointed Bob Shaffer chief risk officer to succeed Leonard, and Peg Jula chief human resources officer, succeeding Shaffer.
According to an 8K filed with the SEC, Bank of Montreal, Fifth Third and Regions Bank agented an additional $41.9 million of capacity on Blue Bird’s revolving credit facility, bringing the total commitments to $141.9 million.
Fifth Third Bank is partnering with Fundation to launch Fifth Third Fast Capital to make it easier for small business owners to apply for loans and lines of credit.
Fifth Third Bancorp has received all necessary regulatory approvals for completion of its acquisition of MB Financial as stipulated in the companies’ merger agreement from May 20, 2018.
Fifth Third and MB Financial signed a definitive merger agreement under which MB will merge with Fifth Third in a transaction valued at approximately $4.7 billion.