OCC Approves CIT Acquisition of Mutual of Omaha Bank

The Office of the Comptroller of the Currency (OCC) has provided regulatory approval for the merger of Mutual of Omaha Bank into CIT Group’s banking subsidiary, CIT Bank.

CIT to Acquire Mutual of Omaha Bank

CIT Bank is acquiring Mutual of Omaha Bank for a purchase price of $1 billion.

ING Capital Upsizes Capital Southwest Facility to $295 Million

Capital Southwest expanded its senior secured credit facility from $270 million to $295 million by executing the accordion feature.

Hercules Capital Receives New $200MM Facility Arranged by MUFG

Hercules Capital replaced its existing $100 million credit facility with MUFG Union Bank with a new $200 million credit facility, under which City National, Umpqua Bank, Hitachi Capital America and Mutual of Omaha Bank joined MUFG as lenders.

Mutual of Omaha Bank Increases Samson Oil Debt Facility

Mutual of Omaha Bank increased Samson Oil’s borrowing base to $20 million with the expectation of a further increase in Q1/17 as part of a new syndicated loan involving another bank.

Mutual of Omaha Bank Finances Nevada Gold & Casinos Acquisition

Nevada Gold & Casinos completed the purchase of Club Fortune Casino. The transaction was financed with an amended and restated reducing revolving credit agreement with Mutual of Omaha Bank.

Mutual of Omaha Bank Provides Samson Oil and Gas Facility

Samson Oil and Gas finalized a new credit facility with Mutual of Omaha Bank for up to $25 million, with an initial borrowing base of $8 million.

Mutual of Omaha Provides Nevada Gold & Casinos Revolver

Nevada Gold & Casinos announced a refinancing of its outstanding long-term debt through a $12.7 million revolver with Mutual of Omaha Bank.