DBM Global, the infrastructure business of HC2 Holdings, completed its previously announced acquisition of a 100% interest in Banker Steel Holdco from Atlas Holdings. DBM also entered into a new credit agreement with a syndicate led by UMB Bank for $220 million in financing.
Jeff Dunbar joined UMB Bank’s capital finance business development team as a senior vice president and business development officer under the accounts receivable finance business channel. Operating out of St. Louis, Dunbar will contribute to the business’ marketing efforts throughout the Midwest.
UMB Bank, transacting business as UMB Capital Finance, closed a $4 million revolving account receivable credit facility for a North Dakota-based transportation company specializing in the delivery of refrigerated freight nationwide.
Newmark entered into an agreement to amend the terms of its senior revolving credit facility, increasing its size to $425 million and extending the maturity date to February 26, 2023.
Bank of America Merrill Lynch acted as the active lead arranger on two separate credit facilities for BGC Partners and Newmark Group, respectively. Together, the credit agreements total $600 million.
Marquette Business Credit funded three new clients with commitments totaling more than $40 million. The clients included RadiSys Corporation, Trinity Forge and Logic PD.
Westar Energy amended its $270 million revolving credit facility, extending the maturity to February 18, 2019. JPMorgan Chase acted as administrative agent and lender.