MUFG to Acquire Supply Chain Finance Platform from GE Capital

MUFG Union Bank will acquire supply chain finance platform Trade Payable Services from GE Capital. The deal marks the third major divestment by GE Capital over the last six months.

Mathis Joins MUFG Americas as CFO of Wholesale Banking

Carol Mathis joined MUFG Americas as managing director and CFO of Wholesale Banking. Mathis will be based in New York and report to Chief Financial Officer for the Americas Johannes Worsoe.

Garvey Joins MUFG Securities Americas Board as Director

Eileen Garvey joined MUFG as an independent non-executive director on the MUFG Securities Americas board. Garvey is the firm’s third independent non-executive director and the second woman to join its board.

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.