JP Morgan Chase Bank served as issuing lender, joint lead arranger, joint bookrunner and the collateral and administrative agent on a $500 million asset-based revolving credit facility for NGL Energy Partners. The facility will be used to refinance existing debt.
TD Bank combined its previous commercial and corporate and specialty banking teams to create a new commercial bank. Chris Giamo, head of commercial bank for TD Bank, will lead the newly formed business.
TD Bank’s healthcare practice solutions group closed a $1.85 million term loan to help local Long Island veterinarians Gary Selmonsky and Amanda Maltese acquire Islip Animal Hospital.
TD Bank and Wells Fargo entered a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo’s Canadian direct equipment finance business.
NFI amended its existing $1.25 billion senior revolving credit facility and its £50 million ($67.6 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the $1.25 billion revolver and HSBC UK is the administrative agent for the UK credit facility.
For the seventh consecutive year, TD Bank was listed in the DJSI World Index, a benchmark for environmental, social and economic performance.
TD Bank ranked No. 1 in total number of approved U.S. Small Business Administration loan units in its Maine-to-Florida footprint for the SBA’s 2020 fiscal year, supporting more than 1,500 businesses through two SBA lending products: 7(a) and 504 loans.
The Paycheck Protection Program has been top of mind for many lenders, particularly banks. ABF Journal learned about the experience of bank-owned asset-based lending groups with the program as well as expectations and concerns for the future in conversations with four leaders in the industry.
TD Community Development Corporation allocated new markets tax credits to the International African American Museum in Charleston, SC, to assist in its construction project and opening, resulting in an equity investment of more than $5.5 million from TD.
Republic First Bancorp, the parent company of Republic Bank, hired Sheryl Simon as senior vice president and senior relationship manager. Simon previously worked at TD Bank for 11 years and most recently was a relationship manager at Lakeland Bank.