Truist Financial launched Truist Ventures, a corporate venture capital division, and appointed Vanessa Indriolo Vreeland, an executive with more than 20 years of private equity, venture capital and banking experience, to lead the new venture.
Purple Innovation executed a new five-year $100 million senior secured credit facility, consisting of a $45 million term loan and a $55 million revolving line of credit, with a group of financial institutions led by KeyBanc Capital Markets.
Bank of America, JP Morgan and Truist completed an amendment to Sally Beauty’s existing secured asset-based revolving line of credit, increasing the borrowing capacity by $120 million to $620 million.
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.
Truist Financial committed $1 million each to community development financial institutions LiftFund and Natural Capital Investment Fund to support small businesses affected by the COVID-19 pandemic.
NN has successfully amended its senior credit agreement to, among other things, extend the maturity date of its revolving facility t term loan B, matching the maturity date of NN’s longer-dated term loan B.
Truist Financial, the result of the historic merger of equals between BB&T and SunTrust, named 24 regional presidents who will champion its community banking model in many high-growth markets in the country.