IMPACT
Head of Asset-Based Finance
HQ: New York
212-782-6800 • mufgamericas.com
MUFG has proven its ability to adapt to shifting market dynamics, as evidenced by its work in supporting clients during the COVID-19 pandemic and its dedication to environmental, social and governance principles, both internally and externally.
Throughout turbulent market gyrations and periods of uncertainty, including the COVID-19 pandemic, MUFG has extended its balance sheet to support its clients when their asset-based lending needs are most acute — all while managing risks responsibly — and the company remains committed to doing so as the economic cycle turns.
For example, MUFG has provided debtor-in-possession and bankruptcy exit financing for companies in distress that are capable of fulfilling their financial potential with the help of asset-based lending. MUFG has also supported clients through the use of special purpose vehicles to create bankruptcy remote ABL structures.
Now that the ABL market has begun to accept pricing concessions for transactions that satisfy certain key performance indicators (KPIs) for environmental, social and governance metrics, MUFG’s asset-based finance team works closely with other practice areas within its bank (such as its ESG practice and leveraged capital markets team) to devise ABL structures for clients that issue green bonds. MUFG continues to expand its client base through transactions that include non-traditional ABL asset classes with predictable values that enable borrowers to tap more liquidity for growth.
Taking its dedication to ESG principles even further, MUFG joined the Global CCS Institute, an international think tank focused on the promotion of carbon dioxide capture and storage technology worldwide. In addition, the company works to support clients’ growing transition to sustainability through its ESG origination and client coverage group, while its efforts in project finance include providing expertise and financing for renewable energy projects.
MUFG also provides financing to non-bank ABL providers in support of financial institution clients and middle-market borrowers that are unable to access the bank’s ABL market.
“Innovation means finding the best way to serve our clients that adheres to ABF principals but, at the same time, breaks traditional molds in inventive ways and is not confined to the general market conventions.”