Sterling to Acquire Woodforest ABL & Equipment Finance Businesses

Sterling Bancorp, through its principal subsidiary, Sterling National Bank, agreed to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank.

BB&T Upsizes Main Street Capital Facility to $680MM

Main Street Capital expanded the total commitments under its revolving credit facility from $655 million to $680 million. BB&T served as administrative agent for the 17-bank lender group.

Herrington Joins Woodforest as SVP/Middle Market Relationship Manager

Beth Harrington joined Woodforest National Bank as senior vice president and middle market relationship manager based out of Charlotte, NC.

BB&T Upsizes Main Street Capital Facility to $585MM

Main Street Capital expanded the total commitments under its credit facility from $560 million to $585 million. BB&T served as administrative agent for the banking syndicate.

Rabobank Agents Spark Energy Credit Facility Upsize

Spark Energy closed a new $120 million senior secured borrowing base credit facility with a lender group led by Rabobank acting as joint lead arranger, sole bookrunner and administrative agent.

Woodforest Hires Florida Regional President, Plans to Hire 25 Bankers

Woodforest National Bank named Willy Gomez as regional president of Commercial Banking for their Florida market. Gomez will spearhead the opening of offices and the hiring of 25 bankers.

PNC Agents $250MM Revolver for Great Lakes Dredge & Dock

Great Lakes Dredge & Dock closed on a $250 million three-year revolving credit facility. PNC Bank acted as administrative agent and issuing lender.

Dargani Joins Woodforest as SVP/ Middle Market Relationship Manager

Woodforest National Bank named Julie Dargani as senior vice president and middle market relationship manager based in Charlotte, NC.