Six One Commodities (61C) closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility. The facility includes a $300 million accordion feature, bringing total capital available to $1 billion.
Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, hired Robert Danziger, a 30-year corporate finance veteran, as managing director, first senior vice president and head of the bank’s syndicated finance business.
Valley National Bank appointed Sanjay Sidhwani chief data and analytics officer. Sidhwani will oversee the bank’s data strategy and data management capabilities, including enterprise data architecture, data platforms and services, data governance, data risk and data literacy.
Trulieve Cannabis closed a commercial loan secured by a cultivation and manufacturing site in Florida for aggregate gross proceeds of $71.5 million. Three lenders provided the loan, with Valley National Bank serving as lead agent.
BB Energy, a global independent energy trading company, refinanced and expanded a $580 million senior secured borrowing base credit facility.
One Liberty Properties entered into an amendment to its $100 million credit facility which extends the facility through Dec. 2026, increasing the amount available to be borrowed for renovation and operating expense purposes.
BRT Apartments entered into an amended credit facility which increases to up to a total of $60 million the amount available to be borrowed for the acquisition of, and repayment of mortgage debt on, multi-family properties.
Valley National Bancorp, the holding company of Valley National Bank, completed its merger with USAmeriBancorp and its subsidiary, USAmeriBank.