Category: Corporate Banking

Activity, Corporate Banking

Wells Fargo Agents $1.5B Facility for Earthstone Energy

November 22, 2019

Via: ABF Journal

Earthstone Energy entered into a new credit facility with a maturity date of November 21, 2024, a maximum credit amount of $1.5 billion and an initial borrowing base of $325 million. Wells Fargo Securities and RBC Capital Markets acted as […]

Activity, Corporate Banking

BofA Agents $2.5B Revolver for Equity Residential

November 5, 2019

Via: ABF Journal

Equity Residential entered into a $2.5 billion multi-currency revolving credit facility, replacing its existing $2 billion credit agreement. The new facility matures on November 1, 2024, and can be extended or increased, subject to lender consent and customary conditions. The […]

Activity, Corporate Banking, Insurance

Only 2% of the Equifax data breach victims have signed up for free credit monitoring so far

November 1, 2019

Via: Market Watch financial

Months after class-action attorneys and regulators unveiled a $700 million dollar settlement with Equifax for a massive data breach affecting 147 million people, new court papers say approximately 3 million consumers have chosen the deal’s free credit monitoring services. The […]

Activity, Corporate Banking

Citi partners Global Processing, PPRO to support new payments offering

October 29, 2019

Via: Banking Technology

The new solution – Spring by Citi – has been designed to offer institutional clients the chance to collect from a “wide range” of payment methods including cards, ewallets, instant payments, and open banking. Global Processing will provide its card […]

Activity, Corporate Banking

JPMorgan Leads $200MM Revolver for CRH Medical

October 23, 2019

Via: ABF Journal

CRH Medical has entered into a new, three-year revolving credit facility which provides up to $200 million in borrowing capacity, and represents an increase from the company’s previous $100 million facility. The new facility includes a committed $125 million facility […]

Activity, Corporate Banking

JPMorgan Chase Agents $1.35B in Facilities for MSG Networks

October 15, 2019

Via: ABF Journal

MSGN Holdings, an indirect wholly owned subsidiary of MSG Networks, entered into an amended and restated credit agreement with JPMorgan Chase Bank as administrative agent and the lenders party thereto. The credit agreement amends and restates MSGN Holdings’ prior credit […]

Activity, Corporate Banking

Jefferies Agents $525MM Term Loan for Virtu Financial

October 10, 2019

Via: ABF Journal

Subsidiaries of Virtu Financial closed their previously announced incremental $525 million senior secured first lien term loan. The term loan bears interest at the same rate as its existing term loan, currently LIBOR plus 350 basis points, and will mature […]

Activity, Corporate Banking

U.S. Bank Joins the U.S. Department of Treasury’s Bureau of the Fiscal Service Mentor-Protégé Program

October 2, 2019

Via: Yahoo

U.S. Bank will mentor First Independence Bank, a minority-owned community bank in Detroit, Mich., as part of the Bureau of the Fiscal Service Mentor-Protégé Program sponsored by the U.S. Department of Treasury. During the three-year commitment, U.S. Bank will provide […]

Activity, Corporate Banking

JPMorgan Chase Agents $275MM Funding to Support Forever 21 Restructuring

September 30, 2019

Via: ABF Journal

Fashion retailer Forever 21 and its U.S. subsidiaries have commenced voluntary Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. The company’s Canadian subsidiary filed for and was granted protection under the Companies’ Creditors Arrangement […]

Activity, Channels, Corporate Banking

Wells Fargo using blockchain for corporate international money transfers

September 18, 2019

Via: Bank Innovation

Wells Fargo is turning to blockchain to speed up cross-border money transfers for its corporate clients. The bank is using the technology to create a money transfer service it’s branding as Wells Fargo Digital Cash. The technology is still in […]