BBVA, MUFG, BNP Complete First Successful Syndicated Loan on Blockchain

The Financial Times reports that BBVA and two partners completed the first successful syndicated loan using blockchain technology.

MUFG Union Bank Names Higgins CIOO

Christopher P. Higgins joined MUFG as chief information and operations officer for MUFG Americas Holdings and its U.S. banking subsidiary, MUFG Union Bank.

BofA Agents $1.3B Facility for Covanta

Covanta Holdings closed two new $1.3 billion credit facilities: a $900 million revolving credit facility and a $400 million term loan. The refinancing is an increase of $100 million over its previous facilities.

MUFG Hires Brandley as Head of Asset Manager Coverage Group

Mitsubishi UFJ Financial Group hired Stephanie Brandley as a managing director and head of the Alternative Asset Manager Coverage group in its Wholesale and Investment Bank.

Rabobank, Santander, Others Support Sainsbury Acquisition of Asda

Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart’s Asda, which is valued at £7.3 billion ($9.7 billion).

Citibank, BNP Paribas Agent $3.5B CCI Facilities

Castleton Commodities International closed two credit facilities totaling $3.525 billion, including a committed borrowing base facility and a committed revolver. BNP Paribas and Citibank acted as administrative agents on the facilities.

JPMorgan Agents $2.5B Revolver for AVANGRID

AVANGRID, a sustainable energy company, closed a $2.5 billion sustainability-linked credit facility with JPMorgan as administrative agent and BBVA as sustainability agent.

Maley Joins MUFG as Head of PE Sponsor Coverage Group

Matt Maley joined Mitsubishi UFJ Financial Group as a managing director and head of the bank’s Private Equity Sponsor coverage group. He will report to Robert Smock, head of Corporate Advisory for the Americas.

Davidson to Lead New MUFG Technology Banking Sector

MUFG selected managing director Bill Davidson to lead the newly established Global Technology Sector as part of the bank’s Global Corporate and Investment Banking group.

JPMorgan, Barclays Agent $1.4B Sustainable Facilities for CMS

CMS Energy and its primary subsidiary, Consumers Energy, completed the first syndicated sustainability-linked revolving credit facilities for a U.S. borrower. The aggregate $1.4 billion in new credit facilities will allow CMS to reduce its interest rate by meeting targets related to environmental sustainability.