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.
IEC Electronics amended its credit facility with M&T Bank, adding an equipment line of credit of up to $1.5 million.
New Jersey-based electronics manufacturer Bel Fuse amended its credit facility, increasing the revolver to $75 million and its term loan to $175 million.
M&T Bank promoted Shelley Drake to the position of regional president for Western New York.
M&T Bank appointed former Santander executive Laura P. O’Hara as senior vice president and general counsel.
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.