IDB Bank expanded its sponsor and leverage finance team, hiring four professionals who previously worked together with Investors Bank. James Dunleavey will lead the team as senior vice president and manager.
IDB Bank closed up to a $100 million asset-based revolving credit facility for Dwight Funding, a New York-based lender to modern brands and platforms. IDB Bank was the sole lead arranger and administrative agent for the facility.
5 Star Apparel closed a $125 million credit facility to support its existing operations and continued expansion. IDB Bank was the lead agent and one of three banks financing the credit facility.
Merchant Financial Group expanded its existing credit facility from $372 million to $400 million to support the company’s growth and expansion of its financial services. IDB Bank is operating as the administrative and collateral agent on the transaction.