Category: Corporate Banking

January 22, 2020

On the Road Lending has received a loan of up to $10 million from the Goldman Sachs Urban Investment Group to fuel expansion of its successful initiative across underserved communities throughout the Southeastern U.S. On the Road Lending helps clients […]

January 21, 2020

J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it can finance more than $100 billion annually from its investment bank and created […]

January 7, 2020

UBS will cut up to 500 private banking jobs as part of a plan to split up its wealth management businesses in a bid to speed up decision-making and strengthen regional units. An internal memo sent to employees on Tuesday […]

December 27, 2019

Tesla Shanghai entered into a revolving loan agreement with a group of Chinese banks. According to a related 8-K filing, Tesla entered into a fixed asset syndication loan agreement and a supplemental agreement with China Construction Bank, China (Shanghai) Pilot […]

December 26, 2019

Alliance Data Systems reduced the aggregate revolving credit commitments from $1,072.4 million to $750 million. Following the repayment and amendment, Alliance Data’s outstanding term loan balance is $2,028.8 million. The company also completed an upsized placement of $850 million in […]

December 24, 2019

Lonestar Resources US completed its fall borrowing base redetermination with Citibank. Citibank, agent for the company’s senior secured credit facility, informed the company that the bank group has reaffirmed the credit facility’s borrowing base of $290 million. The company’s next […]

December 23, 2019

Hudson Technologies has entered into a new revolving credit facility with Wells Fargo Bank, which provides up to $60 million in borrowing capacity from time to time, subject to a borrowing base. In conjunction with entry into the Wells Fargo […]

December 20, 2019

BRP Group’s subsidiary Baldwin Risk Partners has amended its senior revolving credit facility, increasing its capacity to $225 million, up $100 million from its previous amount of $125 million. BRP also has the ability, subject to approval, to utilize an […]

December 16, 2019

Kaman has closed on an amended $800 million credit facility. JPMorgan Chase Bank, Bank of America Securities and Citizens Bank served as joint bookrunners and joint lead arrangers. The new credit facility amends the company’s prior credit facility to, among […]

December 13, 2019

Telesat Canada amended its secured credit agreement, providing for a new term loan facility of $1.909 billion and a new revolving credit facility with commitments of $200 million, which replaced the existing term loan and revolving facilities. The revolving credit […]