Truist Archives - ABFJournal

Bible to Retire as CFO of Truist

Daryl Bible, CFO of Truist Financial, will retire after a 38-year career, including more than 14 years at Truist. As Truist conducts the search for its new CFO, Bible will continue to serve in his current role to support the transition.

May 23, 2022 Bill Rogers | Daryl Bible | Truist | Truist Financial Ian Koplin

Small Businesses Owners Adapt to Supply Chain Disruption, Rising Inflation

According to Truist’s annual Small Business Pulse survey, supply chain issues have prompted small business owners to search for new supply sources, use local suppliers and adjust delivery schedules, while 90% of respondents have taken action to address for inflation.

April 29, 2022 Scott Stearsman | Truist Ian Koplin

Ares Capital Increases and Extends Revolving Credit Facility with 39 Lenders

Ares Capital increased commitments under its revolving credit facility to approximately $4.8 billion and extended the final maturity date. The facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, SMBC and Wells Fargo and includes a total of 39 lenders.

Wells Fargo Leads Credit Facility Refinance for The Children’s Place

The Children’s Place refinanced its revolving credit facility and term loan with a new lending group led by an affiliate of Wells Fargo. The new debt consists of a revolving credit facility with $350 million of availability and a $50 million term loan.

Truist Provides $63.2MM Credit Facility to HireQuest

HireQuest, a national franchisor of on-demand, temporary and commercial staffing services, closed a $63.2 million credit facility comprised of a $60 million revolving credit facility and a $3.2 million term loan with Truist (formerly BB&T), the company’s existing lender.

July 7, 2021 HireQuest | Richard Hermanns | Truist Ian Koplin

Truist Provides $125MM Revolver to REPAY

Truist Securities acted as lead arranger with Truist Bank serving as administrative agent for a senior secured revolving credit facility totaling $125 million for REPAY.

February 5, 2021 John Morris | REPAY | Truist Phil Neuffer

Touchstone Bankshares Adds Link as Chief Lending Officer

Sean Link joined Touchstone Bankshares as the company’s chief lending officer. Link most recently served as senior vice president of commercial banking at Truist in Richmond, VA.

SFNet Virtual Convention Starting Nov. 17 to Address Future of Finance

The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.

Truist Unveils Venture Capital Division, Vreeland to Lead

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.

KeyBanc Agents New $100MM Purple Innovation Credit Facility

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.

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