Regions Bank closed a $75 million bi-lateral asset-backed facility for Dext Capital, providing financing for commercial equipment loans and leases.
Barb Godin, deputy chief risk officer and chief credit officer of Regions Bank, will retire at the end of 2020. Godin’s retirement follows a 45-year career in the financial services industry.
Regions Bank served as administrative agent and collateral agent on the refinancing of CPSI’s existing credit facilities through an amended and restated credit agreement. The amendment increases the maximum borrowing capacity under CPSI’s revolver to $110 million.
Orion Group Holdings entered into an amendment to its existing credit agreement with Regions Bank and other lenders, providing for a new $20 million revolving credit facility to supplement its existing $50 million revolver. The new revolver will have a term of one year.
BofA Securities, BBVA Securities and PNC Capital Markets acted as joint lead arrangers and joint bookrunners on a three-year, $670 million secured credit facility for Diodes Incorporated.
According to an 8K filed with the SEC, Bank of Montreal, Fifth Third and Regions Bank agented an additional $41.9 million of capacity on Blue Bird’s revolving credit facility, bringing the total commitments to $141.9 million.
The Regions Foundation, an Alabama-based nonprofit initiative of Regions Bank, will provide a series of grants totaling $375,000 for community development financial institutions (CDFIs) that are helping small businesses affected by the novel coronavirus.
Bank of America arranged a new five-year amended and restated credit agreement for Titan Machinery. The credit agreement provides for an aggregate $250 million financing commitment.
Regions Bank received 13 Greenwich Awards for 2019 performance in middle market banking and small business/business banking, including best brand – ease of use in the middle market banking categories.
Newmark entered into an agreement to amend the terms of its senior revolving credit facility, increasing its size to $425 million and extending the maturity date to February 26, 2023.