Barclays Appoints Erdmann CFO of US Consumer Bank and BBDE
Barclays appointed John J. Erdmann CFO for Barclays U.S. Consumer Bank and Barclays Bank Delaware (BBDE). Erdmann will oversee the bank’s consumer financial operations in the United States.
Barclays appointed John J. Erdmann CFO for Barclays U.S. Consumer Bank and Barclays Bank Delaware (BBDE). Erdmann will oversee the bank’s consumer financial operations in the United States.
Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services, and the investor group led by funds managed by affiliates of Apollo, together with investment affiliates of J.F. Lehman & Company and Hill City Capital, completed its acquisition of Atlas Air Worldwide.
DailyPay secured $260 million of capital. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed by Neuberger Berman.
CVC Credit priced Apidos XLII (Apidos 42), a collateralized loan obligation (CLO) fund totaling C$550 million ($405.5 million) and arranged by Barclays.
CIBC Innovation Banking closed £40 million ($47.3 million) of growth financing for London-based Smart, a retirement technology provider. Smart will use the capital to expand its market growth, accelerate the launch of strategic products and undertake acquisitions.
HireRight Holdings amended and upsized its revolving credit facility, increasing the committed line under the revolving facility to $145 million. Goldman Sachs, Royal Bank of Canada and Barclays joined the syndication, which is led by Bank of America as administrative agent.
Barclays appointed Graham Warner head of international corporate banking in the Americas. Warner will join Barclays in June after 13 years at Deutsche Bank, where he was head of cash management in the Americas.
DailyPay, a technology platform, secured a $300 million revolving credit facility from Barclays. The revolving credit facility will provide DailyPay access to capital to service its roster of partners, including many employers in the United States.
Iveco Group signed a €1.9 billion ($2.14 billion) syndicated facility with a syndicate of banks that includes BBVA, Barclays, BNP Paribas, BofA Securities, Citi, Deutsche Bank, Intesa Sanpaolo and Mediobanca – Banca di Credito Finanziario.
Clearlake Capital Group completed its acquisition of Cornerstone OnDemand. J.P. Morgan, BofA Securities, Ares, Golub Capital, Antares Capital, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.