Finacity and Synovus Arrange $30MM Receivables-Based Loan for Novaria
Finacity, a White Oak company, and Synovus Bank arranged and closed a $30 million receivables-based loan program for Novaria, a manufacturer of specialty aerospace hardware.
Finacity, a White Oak company, and Synovus Bank arranged and closed a $30 million receivables-based loan program for Novaria, a manufacturer of specialty aerospace hardware.
Synovus Bank named Jonathan O’Connor its chief third-party payments officer and CEO of Maast, an embedded finance provider and wholly-owned subsidiary of the bank. O’Connor previously served as CEO advisor at Deluxe Corporation.
Breakout Capital completed a $45 million credit facility made up of a senior credit facility provided by Synovus Bank and a subordinate credit facility provided by an Austin, TX-based credit fund.
Synovus Bank added Alan Grantham, Max Thompson, Jeff Nicolosi, Jim Ritchie and Keith Sipes to its leadership team in its expanding corporate & investment banking (CIB) line of business.
Verdant Commercial Capital signed a multiyear program agreement with Synovus Bank to provide a new equipment finance offering — Synovus Equipment Leasing — for Synovus Bank commercial customers.
Synovus Bank appointed Tom Dierdorff its new head of corporate and investment banking. Dierdorff most recently served as managing director and group head of financial services for Regions Bank and Regions Securities.
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.