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Category: Corporate Banking


Activity, Corporate Banking

Wells Fargo Agents $5.5B Facility for DaVita

August 19, 2019

Via: ABF Journal

DaVita has entered into a new $5.5 billion senior secured credit agreement with Wells Fargo Bank as administrative and collateral agent. The new credit agreement consists of a five-year secured revolving loan facility in an aggregate amount of $1 billion, […]


Activity, Corporate Banking

Barclays ends landmark crypto partnership with Coinbase

August 16, 2019

Via: Banking Technology

For Coinbase, the loss means it no longer has access to the UK Faster Payments Scheme (FPS), which allows customers to instantly withdraw and deposit sterling on its platform. The crypto exchange is now looking to replace Barclays with UK […]


Activity, Corporate Banking

BofML, Citi, Others Provide New $325MM Revolver for Vivint Solar

August 8, 2019

Via: ABF Journal

Vivint Solar closed a $325 million revolving warehouse facility, which refinanced the aggregation credit facility that was set to mature in 2020 The new warehouse reduces the cost of debt by 87.5 basis points and materially increases the amount of […]


Activity, Corporate Banking

BofA terminates First Data partnership/JPM Chase closes collaboration with OnDeck

July 31, 2019

Via: Finextra

The news came within hours of Fiserv acquiring control of First Data, sending its shares downward. BofA says it expects to incur an impairment charge of about $1.7 billion to $2.1 billion in Q3 2019 due to the termination of […]


Activity, Corporate Banking

JPMorgan, Citigroup, Others Lead Talen Energy $500MM Term Loan

July 3, 2019

Via: ABF Journal

Talen Energy Supply has priced a new seven-year $500 million secured term loan B facility. The new term loan B facility priced at L+375. Talen Energy expects to use the net proceeds of the new facility, together with cash on […]


Activity, Corporate Banking

U.S. Bank Names Shade Arizona Market President

June 28, 2019

Via: ABF Journal

Joshua Shade has been named U.S. Bank’s Arizona market president. Shade will lead the market in company-wide efforts and activities and direct commercial banking in Arizona. He succeeds Brian Schwallie who was promoted to head of Commercial Deposits & Payments […]


Activity, Corporate Banking

Wells Fargo Taps Hopkins to Lead Renewable Energy

June 24, 2019

Via: ABF Journal

Wells Fargo’s renewable-energy-finance pioneer Barry Neal will retire July 1, and Philip Hopkins will assume sole leadership of the company’s Renewable Energy & Environmental Finance business, which is part of Wells Fargo Commercial Capital. For more than a decade, Neal […]


Activity, Corporate Banking

JP Morgan’s secretive UK digital bank plans revealed

June 21, 2019

Via: Banking Technology

The bank’s secretive project comes just weeks after it closed its millennial retail offering Finn in the US. The US bank has been reaching out to developers to build a product which could challenge Goldman Sachs’ Marcus and the competitive […]


Activity, Corporate Banking

U.S. Bank Invests in Communities with $6 Million in Community Possible Grants

June 12, 2019

Via: Yahoo

Grants to Fund Recreational Play Spaces, Arts and Culture Through its Community Possible giving and engagement platform, focused on the areas of Work, Home and Play, U.S. Bank kicks-off its 2019 grant making with $6 million in Play investments to […]


Activity, Corporate Banking

Wells Fargo Unveils New Commercial Banking Structure

June 5, 2019

Via: ABF Journal

Wells Fargo revealed its new leadership team and regional structure for its Commercial Banking business, led by Kyle Hranicky, a 25-year company veteran. With this new structure, Wells Fargo Commercial Banking has more than 6,000 team members across 24 divisions […]