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News Stories (50 Results) - HSBC Bank

Reuters reported that First Citizens BancShares, which acquired Silicon Valley Bank, is suing HSBC Holdings PLC accusing it of poaching more than 40 employees in order to launch its own U.S. venture banking business. In the lawsuit, First Citizens... Read Story
May 23, 2023, 07:30 AM

Veeco Instruments entered into a senior secured revolving credit facility. The Facility enables the company to borrow up to $150 million over a 5-year term which expires in December of 2026. HSBC Bank USA is acting as administrative agent and... Read Story
December 17, 2021, 07:50 AM

HSBC Bank Canada announced the launch of five new sustainable finance tools for commercial and global banking clients. Available to Canadian businesses of all sizes, Green Deposits, Green Trade Finance, Green Revolving Credit Facilities... Read Story
September 28, 2021, 07:54 AM

HSBC Global Commercial Banking announced that Martin Richards has been appointed Global Head of Sustainable Finance – Client Infrastructure for Commercial Banking. In this role, he will focus on delivering market-leading sustainable finance solutions... Read Story
September 22, 2021, 07:45 AM

HSBC Bank USA announced it is offering Sustainability-Linked Loans (SLL) that will enable U.S businesses to tie their borrowing to activities that support a more sustainable, resilient and prosperous world.HSBC SLLs are available in a variety of... Read Story
June 17, 2021, 08:03 AM

HSBC Holdings will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval. They include: Exiting 90 branches out of a current branch network of 148 branches HBUS will retain a small... Read Story
May 28, 2021, 08:04 AM

5N Plus renewed its $79 million senior secured multi-currency, revolving and syndicated credit facility. The agreement includes a contingent option to expand the facility to $124 million. The renewed credit facility has a two-year term, bearing... Read Story
March 29, 2021, 06:00 AM

Alan Turner has been appointed Head of Commercial Banking effective today, succeeding Linda Seymour who took on the role of President and Chief Executive Officer of HSBC Bank Canada in September 2020. In this role, Turner has responsibility for... Read Story
March 23, 2021, 08:09 AM

Allied Motion Technologies Inc., a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that it has obtained a new senior secured revolving credit facility of $225... Read Story
February 13, 2020, 09:07 AM

HSBC Bank announced the launch of a new service designed to give customers greater control over their business and personal finance needs. The first service of its kind for HSBC in the US, HSBC Fusion is designed to facilitate account management for... Read Story
October 03, 2018, 07:07 AM

Mid-market enterprises (MMEs) in the U.S. are a major contributor to U.S. economic prosperity but have only just scratched the surface of growth potential, according to a newly released HSBC report. HSBC Commercial Banking, in conjunction with Oxford... Read Story
February 09, 2018, 07:35 AM

Silgan Holdings Inc., a supplier of rigid packaging for consumer goods products, announced that it completed an amendment and restatement of its existing senior secured credit facility which extends the maturity dates for its senior secured credit... Read Story
March 27, 2017, 07:10 AM

Gemino Healthcare Finance has expanded and strengthened its sales team to meet the growing financial demands in the healthcare industry. Art Pesavento recently joined Gemino as a managing director based in Chicago where he will be responsible for... Read Story
September 13, 2016, 07:41 AM

According to an 8-K SEC filing, Baker Hughes entered into a new credit agreement among the company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, Citibank, N.A., as syndication agent, and other agents and lenders. Other agents and... Read Story
July 15, 2016, 07:11 AM

Wabtec Corporation has signed a new bank agreement that includes a $1.2 billion revolving credit facility and a $400 million term loan.  The revolving credit facility has a five-year term and replaces the company's previous revolver of $800 million... Read Story
June 24, 2016, 07:17 AM

Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, announced the expansion of its existing credit facility from $240 million to $400 million, to fund its... Read Story
June 20, 2016, 07:36 AM

VOXX International Corporation has successfully completed the refinancing of its global revolving credit facility. The company has entered into an amended and restated $140.0 million facility, with a $15.0 million sublimit for letters of credit, and... Read Story
April 29, 2016, 07:54 AM

Even though world merchandise trade growth is expected to rise just one percent through the end of this year, U.S. businesses are optimistic about trade over the next six months, buoyed by the prospect of changes to government trade regulations, and... Read Story
December 08, 2015, 07:25 AM

J. C. Penney Company, Inc. announced it has received $500 million of incremental bank commitments to increase the size of the revolving line of credit under its existing Senior Secured Asset-Based Credit Facility (“ABL”) to $2.35 billion from $1.85... Read Story
November 17, 2015, 08:11 AM

KPS Capital Partners announced its portfolio company American & Efird Global (A&E) has completed a successful recapitalization.  A&E raised approximately $275 million of financing, including a $65 million cash flow revolving credit facility and an... Read Story
July 20, 2015, 07:29 AM

Abengoa Yield has increased its existing $125 million credit facility with a revolver Tranche B for an additional amount of $290 million. Tranche B was closed with Bank of America as global coordinator and joint bookrunner, HSBC as agent and joint... Read Story
July 20, 2015, 07:18 AM

Heidrick & Struggles International closed a Second Amended and Restated Credit Agreement on June 30, 2015.  Four banks participated in the agreement, led by JP Morgan Chase Bank, N.A., as administrative agent, and Bank of America, N.A. as Syndication... Read Story
July 02, 2015, 07:23 AM

FTI Consulting has entered into a five-year, $550.0 million senior secured revolving line of credit. The credit facility effectively amends and extends the maturity date of the company's existing $350.0 million credit facility from November 27, 2017... Read Story
July 01, 2015, 08:01 AM

HSBC Bank USA, N.A. (HSBC) has appointed trade veteran Inwha Huh as Head of Global Trade and Receivables Finance (GTRF), US and Canada, effective June 23, 2015. Huh will be responsible for leading and managing GTRF activities across the United States... Read Story
June 12, 2015, 08:06 AM

AMG Advanced Metallurgical Group N.V. has entered into a new $320 million multicurrency term loan and revolving credit facility. The new facility, which was oversubscribed, includes an accordion feature that allows the Company, subject to certain... Read Story
May 29, 2015, 07:47 AM

Harsco Corporation has successfully entered into an amendment of its five-year credit agreement from 2012 that increases the company's access to funds and, after completing the refinancing of the Company's October 2015 Senior Notes, will extend the... Read Story
March 31, 2015, 07:24 AM

Furmanite Corporation announced an expansion and extension of its subsidiaries’ syndicated credit facility with new administrative agent Wells Fargo Bank, N.A. Under the amendment, which was effective March 13, 2015, the revolving credit line... Read Story
March 20, 2015, 07:26 AM

Oceaneering International, Inc. entered into a new credit agreement providing for a $300 million three-year delayed-draw term loan and a $500 million five-year revolving credit facility. The new credit agreement replaces a prior agreement that was... Read Story
October 28, 2014, 07:13 AM

KMG Chemicals, Inc. a global provider of specialty chemicals in select markets, announced that it has replaced its existing credit facility with Wells Fargo Bank, N.A. and Bank of America, N.A., and entered into a new revolving credit facility with... Read Story
October 10, 2014, 07:13 AM

Capital One Bank announced the appointment of Terry O’Grady as managing director and head of the Midwest Region for Capital One Business Credit, part of the Commercial & Specialty Finance Group. In this newly-created role, O’Grady will be responsible... Read Story
October 03, 2014, 07:39 AM

Citizens Commercial Banking, the commercial banking division of Citizens Financial Group, announced today that Michael Cummins has been named Head of Treasury Solutions and will be joining the bank next month.Cummins joins Citizens from HSBC where he... Read Story
September 26, 2014, 07:56 AM

WANdisco plc has agreed to a $10MM revolving credit facility with HSBC Bank plc ("HSBC"), available until 31 March 2017.  The funds available through the facility will be used to finance WANdisco's continued expansion in the Big Data market... Read Story
August 06, 2014, 06:00 AM

Alvarez & Marsal (A&M) has expanded its Financial Industry Advisory Services group with the addition of Bruce Stevenson, a managing director based in New York.  Stevenson will focus on building the firm’s Quantitative Advisory Services practice... Read Story
July 23, 2014, 07:10 AM

First Niagara Financial Group announced the appointment of Paul Cronin as Senior Vice President, Senior Managing Director, Capital Markets. Cronin reports to Joseph Saffire, Executive Vice President, Commercial Financial Services, and is responsible... Read Story
June 27, 2014, 07:33 AM

Hanmi Financial Corporation, the holding company for Hanmi Bank, announced that Randall G. Ewig has joined Hanmi and the Bank as Executive Vice President and Chief Credit Officer ("CCO"). As the CCO, he will be responsible for the overall quality of... Read Story
June 02, 2014, 07:36 AM

SunTrust Robinson Humphrey (STRH) announced the addition of three highly respected banking industry veterans to its Chicago-based Midwest Corporate Banking team. Wes Frangul, Jonathan Twichell and Mark Wegener have joined the firm as managing... Read Story
May 13, 2014, 07:39 AM

Polypore International, Inc., a global high technology filtration company specializing in microporous membranes, announced that it has entered into a new senior secured credit agreement led by Bank of America Merrill Lynch and Wells Fargo Securities... Read Story
April 09, 2014, 07:44 AM

First Niagara Financial Group named Joseph Saffire to serve as executive vice president, commercial financial services. Saffire brings more than two decades of commercial banking experience to the regional bank holding company and its executive... Read Story
April 01, 2014, 07:39 AM

On December 20, 2013, Riverbed Technology, Inc. entered into a credit agreement and related security and other agreements for a $600 million credit facility providing for a $300 million senior secured term loan facility and a $300 million senior... Read Story
December 27, 2013, 08:02 AM

Checkpoint Systems entered into a new five-year $200 million multi-currency revolving credit facility with the potential to further expand the facility to $300 million.The syndicate of lenders was anchored by joint lead arrangers, Bank of America... Read Story
December 13, 2013, 07:34 AM

Crawford & Company announced the execution of an amended five-year, $400 million senior secured revolving credit facility with a syndicate of banks led by Wells Fargo Securities, LLC, and Bank of America Merrill Lynch as joint lead arrangers and... Read Story
November 26, 2013, 01:02 PM

Taiga Building Products has renewed its senior secured revolving credit facility (the "Facility") with a syndicate of lenders led by JPMorgan Chase Bank and including the Bank of Montreal, HSBC Bank, PNC Bank, Bank of Nova Scotia and TD Bank. The... Read Story
November 26, 2013, 11:28 AM

Bri-Chem Corp., a leading North American wholesale distributor and manufacturer of oil and gas drilling fluids and steel pipe,has increased and extended its Asset Based Lending Facility ("ABL Facility") by $10 million from $80 million to $90 million... Read Story
November 21, 2013, 07:53 AM

Mitcham Industries announced it has entered into a three-year $50 million syndicated revolving credit facility with HSBC Bank USA acting as administrative agent.  This facility replaces the company's prior revolving credit agreement with First... Read Story
August 05, 2013, 07:29 AM

HSBC Bank USA announced a $1 billion, 18-month dedicated loan program for small and medium size U.S. businesses looking to export or expand internationally, to help companies find global growth opportunities and to further accelerate global business... Read Story
July 16, 2013, 07:56 AM

Erickson Air-Crane Incorporated, a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane... Read Story
June 18, 2013, 07:09 AM

TeleTech Holdings, Inc., a leading global provider of technology-enabled customer experience solutions, today announced that it has entered into a $700 million, five-year, multi-currency revolving credit facility with an accordion feature that... Read Story
June 07, 2013, 08:03 AM

Erickson Air-Crane, a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, entered into a... Read Story
May 03, 2013, 08:03 AM

First Capital announced the hiring of Tom Sullivan, vice president, in the Factoring Western Region. Sullivan will be responsible for new business development throughout the Western region and will be based out of the Los Angeles office. Sullivan... Read Story
March 05, 2013, 08:08 AM

Diodes Incorporatedsecured a five-year $300 million revolving senior credit facility. Bank of America acted as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Inc. served as sole lead arranger and sole book runner. The credit facility... Read Story
January 09, 2013, 07:16 AM