People's United Bank announced its Commercial Banking division served as Lead Arranger on the expansion of a credit facility to $50 million for MVC Capital, Inc. (MVC). People's United's Asset-Based Lending (ABL) and Capital Markets teams partnered on the facility that will provide MVC with working capital for future acquisitions and investments. The People's United Asset-Based Lending and Capital Markets teams are comprised of experienced in-market specialists across the Bank's Northeast footprint whose focus is on local relationship development. The teams provide senior-secured loans in excess of $5 million to companies across industries. The Asset-Based Lending team is led by Kate Lepak, SVP, Asset-Based Lending and the Syndications team is led by Ken Jamison, Managing Director, Loan Syndications.