Truist Bank Related Content

Griffin Global Asset Management Upsizes Unsecured Revolving Credit Facility to $575MM

Griffin Global Asset Management Holdings added Truist Bank with a $50 million commitment into its unsecured revolving credit facility. This transaction closed on Dec. 29, 2023, and increases the amount available in the facility to $575 million. read more

Capteris Closes $350MM Credit Facility to Strengthen Equipment Finance Business

Capteris closed a new $350 million credit facility to support the growth of its equipment finance business. Truist Bank is serving as administrative agent and Bank of America is also partnering with Capteris on the facility. read more

Dext Capital Closes on its Largest Securitization to Date

Dext Capital closed on Dext ABS 2023-1, the company’s third securitization and its largest to date. The $293 million transaction secured orders from 15 new investors and 22 in total. 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

Sheffield Financial and Tohatsu America Enter Retail Financing Program Agreement

Sheffield Financial, a division of Truist Bank, and Tohatsu America agreed to a multiyear financing services program agreement. The agreement allows Sheffield to provide lending services to Tohatsu customers through the Tohatsu dealer network. 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

Truist to Combine Banking Ops and Corporate and Institutional Group Operations, Bharadwaj to Lead

Truist Bank will combine banking operations and corporate and institutional group operations and launch a global services capability to create a new center of excellence — Enterprise Operations and Global Services. The bank named Raj Bharadwaj executive vice president and head of enterprise operations. read more

ECN Capital Sells its Service Finance Business to Truist Bank for $2B

ECN Capital entered into a definitive agreement with Truist Bank to sell all of the issued and outstanding equity interests in each of Service Finance Company and Service Finance Holdings for cash proceeds of $2 billion. read more

Sheffield Financial and Kawasaki Renew Multi-Year Financing Program Agreement

Sheffield Financial, a division of Truist Bank, and Kawasaki Motors agreed to a multi-year financing services program agreement. read more

North Mill Completes Q4 Capital Market Transactions, Increases Credit Availability to $205MM

North Mill Equipment Finance increased the size of its senior loan facility with Deutsche Bank to $125 million to support 2020 originations. Additionally, North Mill closed a new $50 million senior loan facility with Truist Bank in December. The new loan facility increased North Mill’s total credit availability to $205 million. read more

BofA Agents $400MM Ryder Term Loan

Ryder System entered into a new 364-day unsecured syndicated term loan totaling $400 million with a syndicate of eight large financial institutions led by Bank of America as administrative agent. read more

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