Mitsubishi UFJ Financial Group appointed Neal Holland CFO of MUFG Americas Holdings and its primary banking subsidiary, MUFG Union Bank, effective June 1. Holland will succeed Johannes Worsoe, who has served as CFO since 2016.
FGI provided a $21.3 million revolving credit facility and a $3.7 million term loan for Advanced Lighting Technologies, a designer, manufacturer and marketer of energy efficient commercial lighting products, components and systems.
Balance Point Capital promoted Elliot Hambrecht to senior associate and hired Seth Tutlis as a managing director and Rory Cunnane and Emily Dang as associates.
LBC Credit Partners provided senior secured credit facilities to support the acquisition of Magnolia River International by Warren Equity Partners. LBC served as agent and sole lender for the senior secured credit facilities.
White Oak Commercial Finance provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City.
Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.
Sheridan Capital Partners invested in DAS Health Ventures, a provider of healthcare IT management solutions and services. Deerpath Capital Management provided debt financing for the transaction.
Hertz Global Holdings received a revised proposal from affiliates of Knighthead Capital Management, Certares Opportunities and Apollo Capital Management to provide equity capital required to fund Hertz’s exit from Chapter 11.
CannTrust Holdings obtained approval from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act for the company’s previously announced DIP and CCAA exit credit facility, which was arranged and agented by Cortland Credit Lending.