The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency approved the proposed merger of Huntington Bancshares and TCF and of Huntington National Bank and TCF National Bank.
Great Rock Capital upsized its leverage facility with KeyBank. The upsized facility includes the addition of new partners Huntington National Bank, First Foundation Bank and Hitachi Capital America.
LSQ, a provider of technology-driven working capital solutions, highlighted its key achievements for 2020, including the continued growth of its LSQ FastTrack working capital platform and its origination of more than $188 million in AR financing.
Huntington Bancshares, the parent company of Huntington National Bank, and TCF Financial, the parent company of TCF National Bank, signed an agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22 billion.
INTL FCStone amended its existing $262 million senior secured credit facility, increasing the size of the facility to $350 million. Bank of America Merrill Lynch and Capital One acted as joint lead arrangers on the transaction.
Pharmaceutical manufacturer ANI Pharmaceuticals entered an amended and restated five-year senior secured credit facility for up to $265.2 million with Citizens Bank as administrative agent and lead arranger.
KeyBank acted as administrative agent and issuing lender on a $350 million syndicated credit facility, consisting of a $150 million term loan and a $200 million revolver, for Universal Logistics Holdings.
Penn Virginia acquired Eagle Ford assets located primarily in Lavaca County, TX for $205 million in cash from Devon Energy and $150 million of committed debut under the company’s credit facility administered by Wells Fargo.
Roadrunner Transportation Systems reached an agreement with its lender group on an interim credit-facility amendment, which provides additional working capital loans and a forbearance provision, while working toward a long-term loan amendment.
Huntington Bancshares acquired FirstMerit and is now operating as one company. The acquisition increases Huntington Bank’s assets to approximately $100 billion.