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Category: Corporate banking


Activity, Corporate banking

JPMorgan Agents $500MM Revolver for Twitter

August 13, 2018

Via: ABF Journal

Twitter closed a $500 million revolving credit facility with JPMorgan as administrative agent, sole lead arranger and sole bookrunner. According to a related 8-K filing, the credit agreement provides for an unsecured revolving loan facility in the aggregate principal amount […]


Activity, Corporate banking

BNP Paribas Creates Global Credit Markets America

July 24, 2018

Via: ABF Journal

BNP Paribas, as part of its CIB 2020 development plan, created a new unit called Global Credit Markets Americas, bridging the existing credit units of Global Markets Americas and Global Banking Americas. This new unit integrates all primary origination, financing […]


Activity, Corporate banking

J.P. Morgan Arranges $2.5B Facility for MGM

July 12, 2018

Via: ABF Journal

MGM closed a $2.5 billion credit facility comprising a five-year $1.7 billion revolving credit facility. a new $400 million seven-year term loan and a $400 million eight-year term loan. J.P. Morgan served as arranger for the lender syndicate. Concurrently, the […]


Activity, Corporate banking

BofA Agents New $800MM Facility for Celestica

June 28, 2018

Via: ABF Journal

Celestica entered into a new $800 million credit facility with a syndicate of lenders and Bank of America as administrative agent. The facility consists of a $350 million term loan and a $450 million revolving credit facility and will replace […]


Activity, Corporate banking

Deutsche Bank, Others Provide $500MM Loan to Wings Capital

June 22, 2018

Via: ABF Journal

Wings Capital Partners closed a $500 million secured loan facility with a syndicate of six major international banks including Deutsche Bank, New York Branch, BNP Paribas, Credit Agricole Securities, Goldman Sachs, MUFG Union Bank and Natixis. Deutsche Bank acted as […]


Activity, Corporate banking

PNC Leads $230MM Facility for Motorcar Parts of America

June 8, 2018

Via: ABF Journal

PNC Bank led a new five-year, $230 million credit facility for Motorcar Parts of America. The facility includes a $200 million revolver and $30 million term loan and replaces a previous credit facility consisting of a $120 million revolver and […]


Activity, Corporate banking

Wells Fargo to Sell 52 Retail Branches to Flagstar

June 6, 2018

Via: ABF Journal

Wells Fargo agreed to sell 52 retail bank branches in Indiana, Michigan, Ohio and Wisconsin to Flagstar Bank. The sale is part of Wells Fargo’s plan to reduce its retail locations to approximately 5,000 branches by the end of 2020, […]


Activity, Corporate banking

U.S. Bancorp quarterly profit rises 13.7 pct

April 18, 2018

Via: Yahoo

April 18 (Reuters) – Regional lender U.S. Bancorp reported a 13.7 percent rise in quarterly profit on Wednesday, driven by higher interest income and lower taxes. Net income attributable to the bank rose to $1.68 billion, or 96 cents per […]


Activity, Corporate banking

Goldman Sachs Profit Soars 26% on Trading Rebound as Markets Awake

April 17, 2018

Via: TheStreet

Goldman Sachs Group Inc. (GS) , the Wall Street firm, said first-quarter profit surged 26% as price swings returned to global markets following an unusually calm 2017, reviving client activity and boosting stock-trading revenue. Net income rose to $2.83 billion […]


Activity, Corporate banking

Peoples Acquires ASB Financial

April 16, 2018

Via: ABF Journal

Peoples Bancorp, parent company of Peoples Bank, completed its previously announced acquisition of ASB Financial and its subsidiary, American Savings Bank. The acquisition became effective as of the close of business on April 13, 2018, in a cash and stock […]