SunTrust Robinson Humphrey served as sole lead arranger and SunTrust Bank as administrative agent in closing a $60 million syndicated corporate credit facility for Electric Entertainment.
Air Transport Services Group has extended its senior secured credit facility until November 30, 2024, expanded the facility’s revolver portion, consolidated and lowered its term loans, and reduced pricing to immediately lower interest cost.
Restaurant Brands closed a new term loan facility in an aggregate principal amount of $750 million and amended its existing revolving credit facility.
Apollo Medical Holdings closed a new $290 million credit facility consisting of a $190 million senior secured term loan and a $100 million revolving credit facility.
BB&T Chairman and CEO Kelly S. King and SunTrust chairman and CEO William H. Rogers, Jr., spoke at a joint public meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation on the proposed merger of equals between BB&T and SunTrust Banks.
According to the annual Business Pulse Survey by SunTrust Bank, 73% of surveyed U.S. business leaders say the outlook for their own business is strong.
The Federal Reserve Board and the FDIC will jointly hold two public meetings on the proposed merger of BB&T and SunTrust Banks.
SunTrust Bank and BB&T signed a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits.