Bank of America Related Content

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

Bank of America Leads Debt Refinancing for Topgolf Callaway Brands

Topgolf Callaway Brands completed a series of related transactions in support of a plan to refinance its capital structure, including a seven-year, $1.25 billion senior secured term loan B arranged by Bank of America, JPMorgan Chase, MUFG Securities and Truist Securities. read more

BofA Names Morehead President of Seattle

Bank of America named Jim Morehead president of Bank of America Seattle. The company also appointed Alex Yang Seattle market executive, replacing Jeremey Williams, who was recently promoted to community relations manager executive. read more

Ritchie Bros. Acquires IAA for $7.3B

Ritchie Bros. Auctioneers and IAA entered into a definitive agreement under which Ritchie Bros. will acquire IAA in a stock and cash transaction valued at approximately $7.3 billion, including the assumption of $1 billion of net debt. read more

Dext Capital Closes $200MM Asset-Based Credit Facility with Bank of America

Dext Capital, an independent healthcare finance company based in Lake Oswego, OR, closed a $200 million asset-backed credit facility with Bank of America in June 2022. read more

UMB Agents $1.5B Warehouse Facility for Griffin Global Asset Management

UMB Bank is serving as administrative agent for an amended $1.5 billion senior secured warehouse facility for two entities jointly established by Griffin Global Asset Management and Bain Capital Credit. read more

Encina Equipment Finance Closes $450MM Revolving Loan Facility

Encina Equipment Finance closed a new non-recourse secured revolving loan facility with initial lending commitments from three lenders totaling $450 million. Bank of America structured the facility and is the administrative agent and the lead lender. read more

Bank of America Names Cook President of Chicago

Bank of America named Rita Sola Cook president of Chicago for the bank. Cook will succeed Paul Lambert, who plans to retire after 30 years with the company. read more

Bank of America Names McRae President of Atlanta

Bank of America named Al McRae president of Bank of America Atlanta. McRae is succeeding Wendy Stewart, who was recently named a member of the company's senior management team and president of global commercial banking for Bank of America. read more

Triton International Completes Transition of Debt Capital Structure

Container leasing company Triton International took multiple actions to implement its planned transition to a debt capital structure made up of primarily unsecured debt, including amending and restating its existing revolving and term loan facilities so that both will now be unsecured. read more

BofA and RBC Amend and Extend $1.045B Credit Agreement for Ritchie Bros.

Ritchie Bros. amended and extended its $1.045 billion credit agreement, with BofA Securities and RBC Capital Markets serving as joint lead arrangers and joint bookrunners, Bank of America serving as administrative agent and the Royal Bank of Canada serving as syndication agent. read more

Bank of America Renews and Extends $1B in Facilities for Greenbrier

The Greenbrier Companies, a supplier of equipment and services to global freight transportation markets, renewed and extended three bank facilities totaling more than $1 billion. According to an 8K filed with the SEC, Bank of America is the administrative agent for the facilities. read more

Finucane and Montag to Retire from Bank of America

Anne Finucane, vice chairman of Bank of America, and Thomas Montag, chief operating officer and president of global banking and markets at Bank of America, will retire. Finucane and Montag will remain in their roles until the end of 2021. Succession plans will be announced in the coming weeks. read more

Stonebriar Extends $1B Revolving Credit Warehouse Facility, Adds MUFG as Lender

Stonebriar Commercial Finance extended its $1 billion revolving warehouse credit facility agented by Bank of America to 2025. Mitsubishi UFJ Financial Group (MUFG) joined the facility as a new participating lender. read more

Stonebriar Secures $200MM Senior Unsecured Revolving Credit Facility from RBC Capital Markets

Stonebriar Commercial Finance closed a new $200 million, three-year committed unsecured revolving credit facility. RBC Capital Markets is the administrative agent, joint lead arranger and joint bookrunning manager for the facility. read more

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