Ryan Sladek joined Regions Bank the company’s institutional services division and will lead a team of strategists to deliver customized investment services for corporations, businesses, nonprofits, municipalities and more.
Benefitfocus entered into a loan agreement led by JPMorgan providing for a senior secured credit facility in the amount of $140 million to replace the company’s existing revolving line of credit.
Regions Bank appointed Tom Speir head of strategy and corporate development. Speir will report to David Turner, CFO of Regions Bank, and succeed Nikki Stephenson, who recently joined Regions Bank’s corporate banking group as head of credit products.
FLEETCOR Technologies amended its pro-rata credit facility, increasing the overall facility size from $4.01 billion to $4.5 billion and extending the maturity to a new five-year term ending in June 2027. Bank of America is the administrative agent.
PBF Energy completed a multi-year extension of its asset-based revolving credit facility, with an aggregate commitment of $4.3 billion. Bank of America is the joint lead arranger, joint bookrunner and administrative agent for the 35-bank syndicate participating in the credit facility.
Rock Hill Capital and its portfolio company, Park Energy Services, completed its second acquisition in less than a year with the purchase of substantially all the assets of San Antonio-based Great Texas Compression.
Protective Life Corporation and its principal subsidiary, Protective Life Insurance, closed a five-year, $1.5 billion sustainability-linked revolving credit facility, which replaces its current $1 billion revolving credit facility. Regions Bank is the administrative agent for the facility.
Regions Bank hired Dave Strickert to lead corporate credit products. Strickert will lead credit product teams supporting diversified industries, specialized industries, real estate banking and Regions Equipment Finance Company clients.
BMO Harris Bank and Regions Bank both earned a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), a national benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.
Regions Bank launched a commercial business development team focused specifically on helping small businesses build customized plans for financial success. The new team will be led by Jordan Baxter, senior vice president of commercial banking at Regions Bank.