Sumitomo Mitsui Banking Corporation (SMBC) appointed Mark Corteil chief risk officer for its Americas division. Corteil joined SMBC in 2022 as Americas chief credit risk officer, overseeing all aspects of credit risk management in the region.
Office Properties Income Trust entered into a second amended and restated secured credit agreement that governs its $325 million secured revolving credit facility and $100 million secured term loan. Wells Fargo Bank is the administrative agent for the facilities.
Jefferies Financial Group and Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Mitsui Banking Corporation (SMBC) will expand their alliance to include enhanced collaboration across Europe, the Middle East and Africa on corporate and investment banking opportunities.
Pebblebrook Hotel Trust extended approximately $357 million of its $460 million October 2024 maturity term loan to 2028. BofA Securities led the term loan extension, serving as joint lead arranger and sole bookrunner.
American Industrial Transport (AITX) completed the acquisition of certain of the railcar assets and operations formerly owned by rail leasing company SMBC Rail Services. Bank of America led the acquisition financing for the transaction as administrative agent.
Sumitomo Mitsui Banking Corporation hired Paul Burke to lead the firm’s newly created capital solutions group. With more than 20 years of industry experience, Burke joined SMBC from Morgan Stanley where he spent more than 12 years working in both New York and London.
Arevon Energy closed financing on the Vikings solar-plus-storage project with a combination of debt financing and tax credit transfer. The $338 million debt facility was financed with MUFG, BNP Paribas, Sumitomo Mitsui Banking Corporation and First Citizens Bank.
BXP exercised a portion of the accordion feature under its existing revolving credit facility to increase the available borrowing capacity by an aggregate amount of $315 million, increasing the facility’s maximum borrowing capacity to $1.815 billion.
Hannon Armstrong Sustainable Infrastructure Capital (HASI), an investor in climate solutions, amended its revolving credit facility, increasing the committed line under the revolving credit facility by $240 million to $840 million. JPMorgan Chase Bank is the administrative agent for the facility.
Hercules Capital increased its committed letter of credit facility with Sumitomo Mitsui Banking Corporation by $75 million for a total of $175 million in credit capacity, subject to borrowing base, leverage and other restrictions.