KeyBank said it has been selected as a partner bank in the pilot program of the U.S. Global Business Solutions initiative, an interagency effort launched by the SBA to expand the reach of federal government export assistance.
Rex Energy entered into an amended credit agreement to expand its borrowing base to $325 million under the company’s senior secured credit facility with a lender group led by KeyBank serving as administrative agent.
Phillips EdisonARC received additional commitments totaling $145 million to its revolver, agented by KeyBank. Additional banks in the syndicate of lenders include BofA, JPMorgan, Wells Fargo and PNC Bank.
While all indicators, including recent articles in ABF Journal, pointed to the fact that activity decreased in 2012, KeyBank Business Capital’s Laurie Muller-Girard has noted that for the company, asset-based lending increased prompting the company to expand its division with new personnel to cover the growing market.
Phillips Edison-ARC Shopping Center REIT announced increased the borrowing capacity of its senior secured revolving credit facility, agented by KeyBank, from $40 million to $88 million.
Phillips Edison-ARC Shopping Center REIT entered into a revolving credit facility with KeyBank for up to $250 million of availability. It will be used to finance the acquisition of shopping centers throughout the U.S.