Boat and yacht retailer MarineMax expanded its financing facility to provide for borrowing of up to $350 million, up from its previous limit of $300 million. Wells Fargo CDF was the agent for the facility.
Paper products manufacturer Cascades’s joint venture Greenpac Mill successfully refinanced its credit facilities with a $245 million debt package arranged by Wells Fargo, M&T Bank and Bank of America.
Merkle closed an amendment to provide capacity to upsize its credit facility to $325 million for general corporate purposes and acquisitions. M&T Bank arranged the amendment.
M&T Bank has grown to become America’s fifth-largest issuer of U.S. Small Business Administration 7(a) loans, based on recently released SBA data.