Tag Archives: Merrill Lynch

ade statewide data system

IO Raises $260 Million in Financing

IO, the global leader in software-defined data centers, today announced the closing of a new $260,000,000 multi-year credit facility led by Wells Fargo. IO’s existing bank group, consisting of Wells Fargo and Mutual Bank of Omaha, has been expanded to include Bank of America, Bank of Montreal, JPMorgan Chase Bank, Royal Bank of Canada, National Bank of Arizona, Goldman Sachs Lending Partners and Morgan Stanley Bank.

“We are pleased to have led the charge in this financing for IO, and we look forward to IO’s continued success and growth,” said Frank Pizzo, managing director and head of the Loan Syndications and High Yield Debt Capital Markets group at Wells Fargo Securities.

“This new credit facility will help IO to continue to design, engineer and deliver the world’s leading software-defined data center technology,” said George D. Slessman, IO CEO and Product Architect. “Our IO Intelligent Control® platform solves the data center needs of our customers in an efficient, scalable and cost-effective manner. We are pleased to continue our relationship with Wells Fargo and Mutual of Omaha, and welcome the new members of the bank group to IO.”

Wells Fargo Securities, BMO Capital Markets, J.P. Morgan Securities, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets served as joint lead arrangers.

Vanderpool Headshot III

Bank of America Merrill Lynch Names Market Manager

Scott Vanderpool has been named vice president and market manager for the Desert Mountain States with the Business Banking division at Bank of America Merrill Lynch.

In this role, Vanderpool will manage a team that supports small and mid-sized business clients with $5 million to $50 million in annual revenues in Arizona, Colorado, New Mexico and West Texas by delivering strategic, integrated financial advice and solutions (including credit, cash management, foreign exchange and equipment financing) available to Bank of America Merrill Lynch clients. He will also help business executives and owners access personal financial management services offered through the extensive network of Merrill Lynch financial advisors.

“Scott has established a very impressive record of strong relationship management skills and listening to client needs that will serve him well with these new responsibilities,” said Market Executive Benito Almanza.

Most recently, Vanderpool handled responsibilities as Business Banking senior client manager.  He joined the company in January 2007.

Vanderpool holds a Master of Business Administration from the A. Gary Anderson Graduate School of Management at the University of California and a Bachelor of Science in supply chain management from the W.P. Carey School of Business at Arizona State University.

He is a member of the Phoenix Chamber of Commerce Valley Young Professionals.

Meritage Homes

Meritage Homes Announces Pricing Of Its Common Stock Offering

Meritage Homes Corporation, a leading U.S. homebuilder, announced that it has priced a registered public offering of 2,300,000 shares of its common stock at $34.75 per share, for net proceeds of approximately $75.7 million after underwriting discounts and estimated offering expenses. The offering was upsized from the original 2,000,000 shares.

As part of the offering, the company granted the underwriters a 30-day option to purchase up to 345,000 additional shares, which, if exercised in full, would result in combined net proceeds of approximately $87.1 million. The offering is expected to close on July 13, 2012, subject to customary closing conditions. The company plans to use the proceeds received from the offering for working capital and other general corporate purposes.

Citigroup, JP Morgan and Deutsche Bank Securities acted as joint book-running managers for the offering. BofA Merrill Lynch acted as co-manager for the offering.

For more information on Meritage Homes, visit their website www.meritagehomes.com.