WebBank partnered with Synovus Bank’s specialty finance division to provide an additional commitment for an asset-based revolving credit facility for AB Private Credit Investors. The additional commitment upsized the original facility from $100 million to $150 million.
Lighthouse Financial added Andy Graziano as vice president of business development, covering the Southeast region, including Georgia, Tennessee, Alabama and Florida. Graziano most recently served as a corporate ABL banker at Synovus Bank.
OneWater Marine closed on a new $110 million senior credit facility with Truist Bank as sole administrative agent. The facility consists of an $80 million term loan and a $30 million undrawn revolver.
KeyBank served as administrative agent and KeyBanc Capital Markets and BMO Capital Markets acted as joint lead arrangers and syndication agents for an amended and restated senior secured revolving credit facility of up to $375 million for Jernigan Capital.
Synovus Financial completed its acquisition of FCB Financial Holdings and its subsidiary Florida Community Bank, effective January 1, 2019, with Florida Community Bank merging with and into Synovus Bank.
Sean Lelchuk joined Synovus Bank’s Large Corporate Bank group, asset-based lending team as ABL relationship manager. Lelchuk was previously with Far West Capital.
Synovus Bank extended a $6 million asset-based revolving line of credit to a Southeastern client specializing in importation and distribution of construction-related materials.
Synovus Bank added former Wells Fargo and GE Capital veteran Andrew Graziano to its ABL team as a relationship manager. Jeremy Griffin joined as an analyst.
Exactech received a five year renewal and increase of its senior secured revolving credit facility to $150 million. J.P. Morgan Securities will act as sole lead arranger and sole bookrunner.
HEICO announced it increased its $670 million revolver to an aggregate future capacity of $1 billion. SunTrust Bank, Bank of America and Wells Fargo Bank acted as lead managers.