Category: Corporate Banking

August 19, 2019

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, […]

August 16, 2019

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 […]

August 8, 2019

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 […]

July 31, 2019

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 […]

July 3, 2019

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 […]

June 28, 2019

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 […]

June 24, 2019

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 […]

June 21, 2019

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 […]

June 12, 2019

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 […]

June 5, 2019

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 […]