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.