Daktronics entered into an amendment to its credit agreement with its current lender, U. S. Bank, to extend the maturity of $10 million of its $45 million credit facility to May 1, 2023. The remaining $35 million of the credit facility matures on April 29, 2025.
U.S. Bank hired Guillaume Mascotto as the company’s head of sustainable finance. In this new leadership role, Mascotto will build and lead a new team focused on identifying sustainable finance opportunities across the entire U.S. Bank enterprise.
Sekou Kaalund joined U.S. Bank in the newly created role of head of branch banking, a leadership role within consumer and business banking responsible for U.S. Bank’s more than 2,200 branches as well as its consumer and small business bankers spread out across 26 states.
Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.
According to U.S. Bank’s 2022 CFO Insights Report, finance leaders’ priorities have shifted as they work to help guide their firms through choppy waters, with risk identification among the most cited top priorities among survey respondents.
Mitsubishi UFJ Financial Group (MUFG) reported that the final required regulatory approvals for the sales of MUFG Union Bank to U.S. Bank have been obtained, with the acquisition now expected to close on Dec. 1.
U.S. Bank has received all required U.S. regulatory approvals to complete its previously announced acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (MUFG).
Whitestone REIT amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan.
AmeriTex Holdings closed $380 million in senior secured credit facilities with U.S. Bank to combine with its $35 million in current subordinated notes with Prudential Capital Partners to continue its growth in products and other capabilities to best serve its Texas contractor customers.
Wabtec signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility.