First Eagle Closes Lake Shore MM CLO III at $318MM

First Eagle Alternative Credit, an alternative credit manager, closed Lake Shore MM CLO III at $318 million, marking the company’s third collateralized loan obligation that includes middle market leveraged loans. Citi served as lead manager, structuring agent and bookrunner.

October 19, 2020 Chris Flynn | Citi | First Eagle Alternative Credit | Michael A. Herzig Ellie Delany

BlueVine Appoints Former PayPal Head of Marketing Adams as First Chief Marketing Officer

BlueVine named marketing veteran Patrick Adams as its chief marketing officer. In this role, Adams will oversee all marketing functions and will report to Eyal Lifshitz, CEO and co-founder.

September 23, 2020 Bertelsmann | BlueVine | Chase | Citi | Eyal Lifshitz | Patrick Adams | PayPal | Victoria’s Secret Rita Garwood

Citi GPS Report Estimates $16T in Lost GDP Due to Racial Inequality in the U.S.

Citi released a report that estimates the economic losses attributed to racial inequality in the U.S., which posits the lost GDP of systemic and societal racism and discrimination faced by Blacks over the last 20 years to be $16 trillion and provides recommendations the public and private sectors can take to help close the gap.

September 23, 2020 Citi | Citi Global Perspectives & Solutions | Closing the Racial Inequality Gaps: The Economic Cost of Black Inequality in the U.S. | GPS | racial equity | racial inequality Ellie Delany

New Citi Impact Fund Completes First Four Investments

Following the launch of Citi Impact Fund, the company announced its first four investments in “double bottom line” companies through the new fund; Fulcrum BioEnergy, ICON, PadSplit, and The Mom Project.

September 21, 2020 Citi | Citi Foundation | Citi Impact Fund | Ed Skyler | Fulcrum BioEnergy | ICON | PadSplit | The Mom Project Ellie Delany

Fraser to Succeed Corbat as CEO of Citi

Michael Corbat, CEO of Citi, will retire and step down from the company’s board of directors in February of 2021. Jane Fraser, currently Citi’s president and CEO of global consumer banking, will succeed Corbat as CEO and on the board of directors.

September 11, 2020 Citi | Jane Fraser | John C. Dugan | Michael Corbat Ellie Delany

Ares Management and Sumitomo Mitsui Banking Team Enter Strategic Alliance

Ares Management, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking reached a strategic agreement to collaborate on future business opportunities.

March 30, 2020 Ares Management | Citi | Goldman Sachs | Jun Ohta | Kirkland & Ellis | Masahiko Oshima | Michael Arougheti | Michael McFerran | Skadden Arps Slate Meagher & Flo | Sumitomo Mitsui Banking | Sumitomo Mitsui Financial Group Phil Neuffer

BNP Paribas Leads €750MM Facility for Biodiversity-Focused Firm

BNP Paribas, Handelsbanken and Nordea acted as coordinating mandated lead arrangers and bookrunners for a €750 million revolving credit facility for UPM.

March 17, 2020 BNP Paribas | Citi | Commerzbank | Credit Agricole Corporate and Investment Bank | Danske Bank | DBS Bank London Branch | DNB Bank | Handelsbanken | HSBC France | J.P. Morgan Securities | Marjo Liukkonen | Nordea | OP Corporate Bank | Santander | Swedbank | Tapio Korpeinen | UPM Phil Neuffer

Citibank Serves as Structuring Agent for $285MM Financing for Atlas

Citibank acted as sole structuring agent for Atlas, which closed its $285 million senior secured financing on behalf of its wholly owned subsidiary, APR Energy.

March 10, 2020 APR Energy | Atlas | Bank of America | Bank of Montreal | Canadian Western Bank | Citi | Citibank | Export Development Canada | HSBC Bank Canada | Ryan Courson | Seaspan | Toronto-Dominion Bank Phil Neuffer

Citi Leads $692MM Term Loan for Jaguar Land Rover

Citi, together with a syndicate of international banks, completed a £625 million ($692 million) term loan facility with Jaguar Land Rover Automotive.

December 11, 2019 Citi | Jaguar Land Rover | JPMorgan nadine

Scotiabank, Citi, Others Amend OceanaGold Revolver

OceanaGold has amended its existing $200 million revolving credit facility with its banking partners: Scotiabank, Citi, HSBC, Commonwealth Bank of Australia, Natixis and BNP Paribas.

November 25, 2019 BNP Paribas | Citi | Commonwealth Bank of Australia | cotiabank | HSBC | Natixis | OceanaGold nadine