Willis Lease Finance announced it increased its revolving credit facility to $700 million from $450 million. The syndicate of 12 banks involved in the credit facility is led by Union Bank.
Textainer Group announced Union Bank and ING Belgium will act as lead arranger and joint lead arranger, respectively, for a $500 million term loan. Union Bank leads a group of other financial institutions involved in the transaction.
Union Bank announced it hired four seasoned industry veterans Richard Hatley, Jim Torkelson, Ed Dridge and Jay Watkins to expand its Commercial Finance Division.
Talon International announced it finalized a new $8.5 million credit facility agreement with Union Bank consisting of a $5 million term loan and a $3.5 million revolving credit facility.
First Wind announced that Morgan Stanley and several lenders arranged a $320 million term loan B debt facility and a $75 million letter of credit facility for a joint venture with Emera, Northeast.
Waypoint Leasing announced it closed on a five-year $335 million revolver. Credit Suisse acted as joint lead arranger, joint bookrunner and administrative agent.
HickoryTech, doing business as Enventis, announced the closing of its debt refinancing agreement for an aggregate credit facility of $165 million. CoBank ACB acted as administrative agent.
Open Road Films extended its $100-million revolving credit facility through 2018, and Bank of America, Union Bank, OneWest Bank and Wells Fargo renewed commitments with the film company, the Los Angeles Times reported.
Union Bank said that Michael F. Coyne will join the company as senior executive vice president and general counsel. He previously spent 21 years at JPMorgan Chase, most recently as SVP, associate general counsel and co-head of litigation.
Union Bank announced that senior EVP and Commercial Banking Group head Robert C. Dawson retired after 28 years. Dawson will continue to serve as an advisor to president and CEO Masashi Oka through June 2014.