WEX, a financial technology service provider, amended and restated its credit facility. The lenders agreed to a restatement agreement that increases commitments under WEX’s revolving credit facility from $870 million to $930 million.
Santander Bank appointed Scott Baldinelli head of New England middle market banking. Baldinelli will assume the role from Robert Cerminaro, who was promoted to head of mid-corporate banking in Santander’s commercial banking division.
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.
Santander Bank appointed Taryn Phelan commercial banking chief experience officer and Michael McDonough head of trade and working capital solutions. Both Phelan and McDonough previously worked for JPMorgan Chase.
Santander Bank’s commercial banking division closed a $100 million credit facility on behalf of Holtec International, a privately held energy technology company.
Santander Bank’s commercial banking division provided a $50 million revolving loan to DB Energy Assets to support the company’s acquisition of an additional operating energy facility in Delaware.
Santander Bank named Patrick Smith the head of small business banking, Giancarlo Marchesi the head of consumer lending and Jennifer Mathissen the firm’s chief marketing officer.
A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
Santander Bank’s commercial banking division acted as joint lead arranger for a $175 million term loan and $50 million revolver for Purolite to facilitate additional spending on capital projects and enhance liquidity.
As part of a syndicate of 14 banks, Citigroup served as a joint lead bookrunner and joint lead arranger for a new $280 term loan facility for Harsco Corporation.