M&T Bank Archives - Page 3 of 4 - ABFJournal

Press ESC key to close search

Citizens Amends Ribbon Communications’ Credit Agreement

Ribbon Communications executed a third amendment to its credit agreement. Citizens Bank, as administrative agent under the credit facility, led the amendment, which increased Ribbon’s existing term loan A credit facility by approximately $75 million.

March 8, 2021 Bank of America | Bank of Hope | Barclays Bank | Citibank | Citizens Bank | Fifth Third Bank | HSBC Bank | JPMorgan Chase Bank | M&T Bank | Miguel Lopez | Ribbon Communications | Santander Bank | Silicon Valley Bank Phil Neuffer

M&T Bank Acquires People’s United Financial in All-Stock Transaction

M&T Bank and People’s United Financial entered into a definitive agreement under which M&T will acquire People’s United in an all-stock transaction. The implied total transaction value based on closing prices on Feb. 19, 2021, is approximately $7.6 billion.

February 23, 2021 J.P. Morgan Securities | Jack Barnes | Keefe Bruyette & Woods | Kirk Walters | Lazard | M&T Bank | People’s United Financial | René Jones | Simpson Thacher & Bartlett | Stifel | Sullivan & Cromwell Phil Neuffer

Wells Fargo Amends MarineMax’s $440MM Credit Facility

Wells Fargo Commercial Distribution Finance served as agent to an amendment to MarineMax’s $440 million credit facility, which now has a three-year term. The facility includes M&T Bank, Bank of the West and Truist Bank as lending partners.

May 22, 2020 Bank of the West | M&T Bank | MarineMax | Truist Bank | Wells Fargo Commercial Distribution Finance Phil Neuffer

M&T Bank Provides $150MM ABL to ABLE Equipment Rental

ABLE Equipment Rental closed a $150 million asset-based loan with M&T Bank as lead arranger and administrative agent.

March 6, 2020 ABLE Equipment Rental | M&T Bank nadine

First National Bank of PA Supports DLH Acquisition of SSS

DLH Holdings acquired privately-held Social & Scientific Systems of Silver Spring, MD. First National Bank of Pennsylvania agented a new five-year, $95 million facility to support the transaction.

June 11, 2019 DLH | First National Bank of Pennsylvania | FNB Capital Markets | M&T Bank | Social & Scientific Systems nadine

M&T Bank Names Ridder NYC Regional President

M&T Bank named Blair Ridder regional president for the New York City market. He will be broadly responsible for 375 employees delivering services to customers and neighborhoods across the metro area.

February 22, 2019 Blair Ridder | M&T Bank | Peter D' Arcy Amanda Koprowski

M&T Bank Names Jackson Chief Diversity Officer

M&T Bank appointed Group Vice President Glenn Jackson chief diversity officer of the bank. He succeeds Carl Jordan, who announced his retirement after a 32-year career at M&T.

December 7, 2018 Glenn Jackson | Janet Coletti | M&T Bank Amanda Koprowski

Scotia Bank Agents $292MM Revolver for Accord Financial

Accord Financial signed a new senior secured revolving credit facility totaling $292 million with a syndicate of banks. The Bank of Nova Scotia acted as administrative agent, sole arranger and sole bookrunner on the transaction.

August 2, 2018 Accord Financial | Bank of Montreal | Branch Banking and Trust | Canadian Imperial Bank of Commerce | HSBC Bank Canada | M&T Bank | Stuart Adair | Tom Henderson ABF Journal

M&T Provides $1.5MM Facility for IEC Electronics

IEC Electronics amended its credit facility with M&T Bank, adding an equipment line of credit of up to $1.5 million.

January 29, 2018 IEC Electronics | M&T Bank Amanda Koprowski

KeyBank Upsizes Bel Fuse Facility to $200MM

New Jersey-based electronics manufacturer Bel Fuse amended its credit facility, increasing the revolver to $75 million and its term loan to $175 million.

December 18, 2017 Bank of America | Bel Fuse | KeyBank | M&T Bank | PNC Santander ABF Journal