The Bank of America Institute released a new publication which finds continued resilience in small businesses. New Bank of America small business data shows that, despite economic headwinds, small businesses continue to strengthen in a variety of...
view press release
September 19, 2022, 07:10 AM
|
A majority of small business owners report that inflation and supply chain disruptions are impacting their businesses, according to the Bank of America 2022 Small Business Owner Report. The survey of more than 1,000 business owners across the...
view press release
May 04, 2022, 07:17 AM
|
Nortech Systems executed a sixth amendment to its Bank of America (“BOA”) Loan and Security Agreement. Nortech entered into the original agreement on June 15, 2017 and it was set to expire on June 15, 2022. Nortech and BOA have agreed to renew the...
view press release
January 06, 2022, 08:00 AM
|
American Assets Trust amended and restated its existing credit agreement. Bank of America served as Administrative Agent according to an 8K filing with the SEC on Jaunaury 5, 2022.The credit agreement was amended and restated to, among other things...
view press release
January 06, 2022, 07:00 AM
|
Matador Resources closed a new amended and restated credit agreement. The Credit Agreement, which is dated November 18, 2021 and is more formally described as the Fourth Amended and Restated Credit Agreement, amends and restates that certain Third...
view press release
November 19, 2021, 08:00 AM
|
Bank of America named David Bader as President of Bank of America Austin. Bader succeeds Nikki Graham, who announced her retirement after 27 years of service at the bank.As Austin president, Bader will be responsible for connecting the banking and...
view press release
June 04, 2021, 08:00 AM
|
PRA Group, Inc., a global leader in acquiring and collecting nonperforming loans, announced that it extended and amended its North American credit facility on August 26, 2020. Bank of America, N.A., served as Administrative Agent, and Bank of America...
view press release
September 02, 2020, 08:00 AM
|
For the 11th consecutive year, the J.D. Power Certified Customer Service Program has recognized Bank of America’s Corporate, Commercial and Business Banking contact centers, which include card servicing, for providing “An Outstanding Customer Service...
view press release
June 25, 2020, 08:00 AM
|
Kraton Corporation, a leading global producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announced a two year extension of its senior secured asset-based revolving credit facility ("ABL Facility...
view press release
April 16, 2020, 09:10 AM
|
Titan Machinery Inc., a leading network of full-service agricultural and construction equipment stores, announced today that it has entered into a new five-year Amended and Restated Credit Agreement, maturing April 2025, arranged by Bank of America...
view press release
April 07, 2020, 09:10 AM
|
Cooper Standard announced that it has further enhanced its financial liquidity position through the renewal of its asset-based revolving credit ("ABL") facility and its European receivables factoring facility. Bank of America served as agent to an...
view press release
March 30, 2020, 09:15 AM
|
Bank of America has named Peter Mannino as Market President for Daytona/Cocoa Beach. As market president, he will be responsible for connecting the banking and investment resources offered through the company’s eight lines of business to companies...
view press release
January 10, 2020, 09:10 AM
|
Bank of America announced that it is joining the Marco Polo Network, the largest and fastest growing trade finance networks leveraging Corda distributed ledger technology to provide transformative solutions to global trade participants.Bank of...
view press release
September 19, 2019, 08:00 AM
|
Bank of America has named Business Banking Senior Vice President Andrew Diedrichsen the market president for Reno. As market president, Diedrichsen is responsible for connecting the banking and investment resources offered through the company’s eight...
view press release
August 13, 2019, 08:50 AM
|
World Fuel Services Corporation announced that it has successfully amended its unsecured credit facility, increasing the overall facility to $1.8 billion and extending the term of the credit facility to July 2024.“As a result of this transaction...
view press release
July 25, 2019, 08:45 AM
|
Destination Maternity, a retail chain specializing in clothes for expecting mothers, has reportedly pulled out of a recently inked refinancing agreement with Bank of America on the grounds that it could have a negative effect on the company's credit...
view press release
April 17, 2019, 09:00 AM
|
Bank of America announced that Raju Patel has been appointed market president, serving as the company’s enterprise leader in Denver.As market president for Denver, Patel will work throughout the region to connect businesses, families and individuals...
view press release
January 03, 2019, 08:00 AM
|
Balchem Corporation (BCPC) announced that the company has entered into a new credit agreement with its lenders in the form of a senior secured revolving credit facility, due 2023. The new revolving credit agreement allows for up to $500 million of...
view press release
June 29, 2018, 08:00 AM
|
Paramount Group, Inc. announced that its operating partnership, Paramount Group Operating Partnership LP, has extended its revolving credit facility from November 2018 to January 2022, with two six-month extension options, and increased its capacity...
view press release
January 17, 2018, 08:00 AM
|
Callaway Golf and related entities have ammended their existing credit facility to include a new $330 million multi-currency revolver.Bank of America, N.A., as administrative agent, MUFG Union Bank, as syndication agent, SunTrust Bank, as...
view press release
November 27, 2017, 08:00 AM
|
Hilltop Private Capital, a New York-based private equity firm investing in lower middle market companies, announced that Ed Moss has joined the firm as a Partner after 12 years as a Managing Director at Lincolnshire Management.
Moss opened a new...
view press release
September 14, 2017, 07:00 AM
|
Bank of America announced that Andy Crask has been appointed as market president, serving as the company’s enterprise leader in Indianapolis. In addition to his market president role, Crask was also named the market executive for Business Banking for...
view press release
July 18, 2017, 08:00 AM
|
America’s Car-Mart, Inc. has entered into a Second Amended and Restated Loan and Security Agreement (“Agreement”) with a group of lenders effective December 12, 2016. The Agreement amends and restates the Company’s Amended and Restated Loan and...
view press release
December 14, 2016, 07:38 AM
|
Virgin Media announced the launch of a new minimum $750 million senior secured Term Loan due 31 January 2025. Proceeds of the Loan, if successful, will be used to refinance the existing £100 million Term Loan D due June 2022, a portion of the £990...
view press release
December 08, 2016, 07:19 AM
|
Ashford Hospitality Prime, Inc. entered into a new $100 million secured credit facility which replaces the Company's previous credit facility that was scheduled to mature this month. The new credit facility provides for a three-year revolving line...
view press release
November 15, 2016, 07:39 AM
|
SunTrust Bank is continuing to expand their Treasury & Payment Sales team with Scott Hesketh being the second new hire within the past couple months, right after Tere Wang. Hesketh has joined SunTrust Bank as senior vice president of Treasury &...
view press release
November 10, 2016, 07:36 AM
|
Vornado Realty Trust announced today that Vornado Realty L.P., the operating partnership through which Vornado Realty Trust conducts its business, has extended one of its two $1.25 billion unsecured revolving credit facilities from June 2017 to...
view press release
November 08, 2016, 07:06 AM
|
Calgon Carbon Corporation announced the closing of a new $400 million syndicated credit facility. At closing, the facility was initially used to refinance existing debt under the company’s previous credit facility through the issuance of a seven-year...
view press release
October 05, 2016, 07:18 AM
|
On July 21, 2016, Copart, Inc. entered into a Second Amendment to Credit Agreement (the “Second Amendment to Credit Agreement”) by and among Copart, certain subsidiaries of Copart party thereto, the lenders party thereto, and Bank of America, N.A....
view press release
July 28, 2016, 07:31 AM
|
Willis Lease Finance Corporation has expanded its $700 million revolving credit facility by over 40% to $1 billion, which includes a $110 million accordion feature. The facility has a five-year term and additional flexibility. Willis Lease and its...
view press release
April 22, 2016, 07:55 AM
|
Cathay Bank announces the appointment of Kelly Wu as Executive Vice President, Corporate Banking Division.Pin Tai, President of Cathay Bank, said, "We are delighted to welcome Kelly to the Cathay Bank family and are confident that his proven...
view press release
April 14, 2016, 08:05 AM
|
Arthur J. Gallagher & Co. announced that it entered into an $800 million unsecured credit facility, expiring on April 8, 2021, with a group of financial institutions led by Bank of Montreal, Bank of America Merrill Lynch, Barclays Bank, Citibank and...
view press release
April 11, 2016, 08:06 AM
|
Cheniere Energy Partners, L.P. has closed on the previously announced approximately $2.8 billion of senior secured credit facilities. The four-year credit facilities consist of an approximately $450 million Cheniere Creole Trail Pipeline, L.P. ("CCTP...
view press release
February 29, 2016, 07:52 AM
|
Carriage Services, Inc. announced the Company entered into the seventh amendment to the Credit Agreement (the "Seventh Amendment) which provides for a change in the revolving credit commitments to $150 million from $200 million and new funding under...
view press release
February 10, 2016, 07:48 AM
|
PRA Group, a global leader in acquiring and collecting nonperforming loans, announced that it has expanded its credit agreement, increasing its domestic revolving credit facility to $725 million.On December 23, 2015, the company exercised the...
view press release
January 04, 2016, 07:57 AM
|
Summer Infant, Inc., a leader in premium infant and juvenile products, announced that the company has amended its existing credit facility, which still consists of a $60 million revolving credit facility, a $5 million "first in last out" (FILO)...
view press release
December 14, 2015, 08:01 AM
|
American Residential Properties, Inc. announced that it has renewed and amended the credit agreement governing its senior secured revolving credit facility. With the renewal, the facility's expiration has been extended to May 2017 with two optional...
view press release
December 01, 2015, 07:14 AM
|
Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service hotels, announced that it successfully closed on a new, expanded $250 million senior unsecured...
view press release
November 30, 2015, 07:27 AM
|
Forest City Enterprises closed a new, $500 million unsecured credit facility. The four-year facility, with two six-month extension options, includes an accordion feature allowing the overall facility to be increased to $750 million. The facility is...
view press release
November 20, 2015, 07:34 AM
|
Conn’s, Inc., a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit announced today that it has amended and restated its asset-based revolving credit facility...
view press release
November 03, 2015, 07:47 AM
|
Alliance Laundry Systems announced today that BDT Capital Partners, LLC, ("BDT") through its investment funds, has agreed to acquire a majority interest in the company from Ontario Teachers' Pension Plan ("Teachers'"). Teachers' is expected to...
view press release
August 07, 2015, 07:58 AM
|
On May 29, 2015, Generac Power Systems, Inc. (the “Lead Borrower”), a wholly owned subsidiary of Generac Holdings, entered into Amendment No. 2 (the “ABL Amendment”) to that certain Credit Agreement, dated as of May 30, 2012, as amended by Amendment...
view press release
June 01, 2015, 08:01 AM
|
Fresh Del Monte Produce Inc. entered into a new $800 million senior unsecured revolving credit facility with Bank of America, N.A. serving as the administrative agent and Merrill Lynch, Pierce, Fenner & Smith Inc. was sole lead arranger and sole book...
view press release
April 17, 2015, 07:12 AM
|
Huron Consulting Group, a leading provider of business consulting services, announced it has amended and restated its senior secured credit facility.Among other items, the amended and restated credit facility:
Eliminates the term loan and...
view press release
April 03, 2015, 07:50 AM
|
Nordstrom, Inc. announced it has completed a new five-year $800 million senior unsecured revolving credit facility. The new facility replaces an $800 million senior unsecured revolving credit facility that was scheduled to mature in March 2018.The...
view press release
April 02, 2015, 07:29 AM
|
American Capital, Ltd. announced the closing of an increase in commitments on its $750 million senior secured revolving credit facility, provided by Bank of America, N.A, by $500 million to $1.25 billion. In addition to the increase, the maturity...
view press release
March 09, 2015, 08:02 AM
|
Brown Shoe Company announced it has entered into an amended and restated credit agreement, which extends its senior secured asset-based revolving credit facility to December 2019, lowers the interest rate by 100 basis points, reduces unused fees and...
view press release
December 19, 2014, 07:32 AM
|
Trex Company, Inc. completed an amendment to its senior secured credit facility. The amended cash flow lending facility, obtained through Branch, Banking and Trust Company (BB&T), Citibank, N.A. and Bank of America, N.A., is a seasonal facility...
view press release
November 26, 2014, 08:02 AM
|
TriMas Corporation announced that it entered into an agreement to acquire Allfast Fastening Systems, Inc. (Allfast) for approximately $360 million. Upon closure of the transaction, Allfast will become part of the Company’s Aerospace segment, formerly...
view press release
September 22, 2014, 08:03 AM
|
U.S. Concrete, Inc. announced the company and certain of its subsidiaries, as guarantors, entered into a second amendment (the "Second Amendment") to that certain First Amended and Restated Loan and Security Agreement (as amended, the "Loan...
view press release
September 15, 2014, 07:47 AM
|
American Capital, Ltd. announced the closing of a $750 million senior secured revolving credit facility, provided by Bank of America, N.A. The facility, which matures in June 2016, bears interest at a rate of LIBOR plus 1.60%."This new revolving...
view press release
July 01, 2014, 07:03 AM
|
OSI Systems, Inc. has entered into an amendment to its credit facility that increases the amount available to $450 million. The amendment extends the maturity from November 2016 to May 2019 and increases the flexibility of certain restrictive...
view press release
May 30, 2014, 07:25 AM
|
FirstService Corporation announced that it has increased its revolving credit facility to $500 million from $350 million. The $150 million increase was substantially oversubscribed by its syndicate of banks including TD Bank, JPMorgan Chase Bank...
view press release
May 29, 2014, 07:26 AM
|
Reichhold, Inc. and Reichhold Industries Limited have replaced their North American senior secured revolving facility with a new $70 million Delayed Draw Term Loan Facility provided by funds managed by Oaktree Capital Management, L.P. Bank of America...
view press release
May 21, 2014, 07:28 AM
|
Ares Management announced that on May 7, 2014, it closed its amended and restated revolving credit facility (the “Facility”) that was entered into in connection with Ares Management’s initial public offering. The amendment, among other things...
view press release
May 20, 2014, 07:39 AM
|
Vertex Energy, Inc., an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, announced today the first of two closings related to its previously announced acquisition of the assets...
view press release
May 05, 2014, 07:09 AM
|
Invacare Corporation has successfully amended its credit agreement effective January 31, 2014. The amended agreement provides the company with additional flexibility on its maximum leverage ratio financial covenant through September 30, 2014.An SEC...
view press release
February 04, 2014, 07:49 AM
|
A. M. Castle & Co., a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, announced it has increased its asset-based revolving credit facility from $100 million to $125 million. The increased...
view press release
January 23, 2014, 07:11 AM
|
The Bon-Ton Stores, Inc.announced that it has entered into an amendment to the Company's existing $675 million asset-based revolving credit facility that was scheduled to mature in March 2016. Bank of America, N.A. continues to serve as Agent on the...
view press release
December 13, 2013, 07:14 AM
|
Rouse Properties, Inc., a national owner of regional enclosed malls, today announced the closing of a new $510 million corporate credit facility, which replaced the Company's existing $337.9 million credit facility which had been scheduled to mature...
view press release
November 26, 2013, 07:49 AM
|
Summit Hotel Properties, Inc. announced that it has closed on a new $300 million senior unsecured credit facility.On Oct. 10, the company completed a new $300 million senior unsecured credit facility to replace its $150 million senior secured...
view press release
October 15, 2013, 07:54 AM
|
Equinix, Inc., the global interconnection and data center company, announced it has amended its senior secured credit facility comprised of a $550 million multi-currency revolving credit facility and a $200 million term loan facility. These...
view press release
October 03, 2013, 07:04 AM
|
Huron Consulting Group has amended its senior secured credit facility. Among other terms, the amendment extends the maturity date of the facility from August 31, 2017 to September 25, 2018; provides for a more favorable pricing structure; and...
view press release
September 27, 2013, 07:43 AM
|
American Residential Properties, Inc. announced that it has amended and restated the credit agreement governing its senior secured revolving credit facility, increasing its maximum borrowing amount from $150 million to $290 million. In addition, the...
view press release
September 23, 2013, 07:56 AM
|
Navigant announced today the signing of an amendment to its credit agreement extending the maturity date of its $400 million revolving credit facility by more than two years, through September 19, 2018. “The extended credit facility provides Navigant...
view press release
September 20, 2013, 07:08 AM
|
Booz Allen Hamilton Holding Corporation announced that on August 16, 2013, its wholly owned subsidiary, Booz Allen Hamilton Inc. successfully closed the first amendment to its credit agreement dated as of July 31, 2012. With no increase in borrowing...
view press release
August 21, 2013, 07:53 AM
|
Headline earnings numbers for the largest U.S. banks have been helped considerably by large releases of loan loss reserves in the second quarter. Fitch Ratings believes that over the near term, additional modest reserve releases for these banks are...
view press release
July 22, 2013, 07:51 AM
|
As TAB Bank continues to expand its footprint in terms of geography and business opportunities, it is pleased to announce the addition of TJ Gill to the business development team as vice president and business dDevelopment officer. Gill will be...
view press release
July 03, 2013, 07:36 AM
|
Textainer Group Holdings Limited, the world’s largest lessor of intermodal containers based on fleet size, today announced that Textainer Limited, which is a wholly-owned subsidiary of the Company, utilized an accordion feature in its five-year...
view press release
June 26, 2013, 07:09 AM
|
Cronos Holding Company announced its indirect wholly-owned subsidiary, CF Leasing, has entered into a $550 million five-year revolving credit agreement with a group of banks led by Bank of America, and SunTrust Bank, and including BNP Paribas (acting...
view press release
June 14, 2013, 07:56 AM
|
MiMedx Group, Inc. announced it has secured a revolving line of credit with Bank of America. The revolving line of credit facility, which is secured by the company's accounts receivable and inventory, allows MiMedx to borrow up to $3.0 million...
view press release
May 21, 2013, 07:29 AM
|
Dynegy Inc. closed $1.775 billion in new credit facilities including $1.3 billion in new senior, secured term loans and a $475 million corporate revolver. The proceeds of the term loans were used, together with cash on hand, to repay existing...
view press release
April 24, 2013, 07:31 AM
|
Flowers Foods, Inc. entered into a senior unsecured delayed-drawn term loan facility with a commitment of up to $300 million to help finance the pending acquisition of certain brands and assets of Hostess Brands, Inc., and pay certain...
view press release
April 09, 2013, 07:51 AM
|
BlueLinx Holdings Inc., a leading distributor of building products in North America, announced the successful completion of its previously announced $40 million rights offering. The company announced previously that it would use the net proceeds of...
view press release
April 01, 2013, 03:03 PM
|
Armstrong World Industries announced that on Friday March 15, it closed on a new $1.275 billion senior secured credit facility consisting of a $250 million of revolving credit facility and a $575 million term loan A, both of which mature in March of...
view press release
March 18, 2013, 07:51 AM
|
Starbucks Coffee Company announced the renewal of its unsecured, revolving credit facility, which increases borrowing capacity from $500 million to $750 million. The credit facility is scheduled to mature on February 5, 2018, and replaces the current...
view press release
February 11, 2013, 07:09 AM
|
EdR, one of the nation's largest developers, owners and managers of collegiate housing, announced the closing of a restatement and amendment to its revolving credit facility. The credit facility will increase in size to $375 million from $175 million...
view press release
January 22, 2013, 07:53 AM
|
Walter Investment Management Corp. ("Walter Investment" or the "Company") announced that it completed the refinancing of its senior secured debt.Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding, Inc. and BofA Merrill Lynch assisted...
view press release
December 04, 2012, 08:00 AM
|
Starwood Hotels & Resorts Worldwide closed a new $1.75 billion senior credit facility on November 30, 2012. The new facility matures on February 28, 2018, or such later date as may be adjusted from time to time, and replaces its existing $1.5 billion...
view press release
December 03, 2012, 08:22 AM
|
MCG Capital entered into an unsecured revolving credit facility with Bank of America in the principal amount of $20 million.
The revolving credit facility has a two year revolving period and draws under the facility will be used to provide financing...
view press release
November 27, 2012, 07:46 AM
|
Kansas City Southern announced its subsidiary, The Kansas City Southern Railway Company, has completed an amendment to its credit facilities, which consist of a $200 million revolving credit facility and two term loans with a total outstanding amount...
view press release
November 26, 2012, 07:33 AM
|
In its capacity as Administrative Agent, Bank of America Business Capital has extended its asset-based credit facility for the W.C. Bradley Co. W.C. Bradley refinanced a $60 million revolver with the bank and will use the proceeds for general working...
view press release
October 18, 2012, 08:00 AM
|
Orchard Supply Hardware Stores Corp. closed on a new five-year senior secured credit facility consisting of a $120.0 million revolving credit facility and a $7.5 million FILO term loan, with Wells Fargo Capital Finance and Bank of America. The new...
view press release
October 18, 2012, 08:00 AM
|
Bank of America Business Capital announced it has amended and restated a $300 million revolving credit facility for Sanmina-SCI, replacing the prior $235 million facility.Sanmina-SCI Corporation is a leading electronics contract manufacturer serving...
view press release
September 17, 2012, 07:00 AM
|