Alterna Capital Solutions completed an additional $15 million private equity investment from Alterna Equity Partners, coinciding with a line increase of $30 million from Texas Capital Bank to complement a $50 million asset-based credit facility led by Wells Fargo Capital Finance.
C. Keith Cargill stepped down as president, CEO and member of the board of directors of Texas Capital Bank and Texas Capital Bancshares. Larry L. Helm will serve as executive chair, CEO and president of both companies until a successor is named.
Texas Capital Bank led a $75 million syndicated credit facility for Strategic Wireless Infrastructure Funds Management.
Truist served as administrative agent on an increase from $705 million to $740 million for the revolving credit facility of Main Street Capital, according to a related 8K filed with the SEC.
According to an 8K filed with the SEC, ING Capital served as administrative agent, Hancock Whitney Bank served as assuming lender and Texas Capital Bank served as documentation agent for a $30 million increase to Capital Southwest’s senior secured credit facility.
Toll Brothers entered into a five-year $1.905 billion revolving credit facility to replace the company’s existing $1.295 billion revolving credit facility, which was scheduled to mature in May 2021.
Citibank served as administrative agent on an amendment to KB Home’s revolving credit facility, which increased the borrowing capacity to $800 million and extended the maturity date to October 2023.
Newpark Resources amended and extended its outstanding credit agreement, increasing its asset-based revolving loan from $150 million to $200 million and reducing applicable borrowing rates.
Texas Capital Bank closed a senior secured credit facility for Flex Leasing Power and Service, a provider of small gas turbine power solutions for the oil and gas sector.