Oklahoma business briefs

Jennifer Webster has been promoted to senior vice president in the loan operations department, which encompasses oversight of the mortgage, consumer and commercial loan departments. Webster has been with the bank since 2015.

Matt Brown was promoted to senior vice president in the bank’s mortgage department. He helps his team meet their goals by working with customers to find the right loan to fit their home buying needs. Brown has been with the bank since 2012.

Enable Midstream secures $1 billion loan

Enable Midstream Partners LP has entered into a $1 billion three-year unsecured term loan agreement, the company said Tuesday.

Enable has initially borrowed $200 million under the agreement, and a delayed-draw feature provides allows Enable to make up to $800 million in additional borrowings for up to 180 days from Jan. 29. Enable expects borrowings will be used for general partnership purposes, including the repayment of existing and future indebtedness and funding of capital expenditures, the company said.

“Our new term loan provides flexible and competitively-priced funding that enhances our liquidity and supports our growth,” CEO Rod Sailor said. “We were very pleased with the strong support from our banking partners that resulted in this attractive source of capital.”

U.S. Cellular invests over $20M in state

U.S. Cellular in 2018 invested more than $20.2 million in Oklahoma in its network, store locations and local communities.

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