Warden Appointed Commercial Banking Director at Citi
Craig Warden was appointed Commercial Banking director for Greater Los Angeles for Citi. Prior to Citi, Warden worked at Wells Fargo as SVP and regional team leader.
Craig Warden was appointed Commercial Banking director for Greater Los Angeles for Citi. Prior to Citi, Warden worked at Wells Fargo as SVP and regional team leader.
Southcross Energy announced it will combine with TexStar Midstream. Citi is serving as financial advisor to Southcross; Barclays, Evercore Partners and UBS Investment Bank are serving as financial advisors to TexStar.
Millicom completed a revolving credit facility of $500 million for Millicom International Cellular. The loan was arranged by mandated lead arrangers and bookrunners: BNP Paribas, Citi, DNB and Scotiabank.
Citi named Richard Banziger head of Citi Commercial Bank. Previously, Banziger led Citi’s Asset-Based Finance business and held various senior positions in Citi’s Leveraged Finance, Capital Markets and Risk Management groups.
Alpha Natural Resources entered into an amendment of its secured credit facility. Citi acted as administrative agent and collateral agent for the transaction.
Sandvik completed an amendment of its credit facility. Handelsbanken, Nordea and SEB acting are coordinating mandated lead arrangers and bookrunners.
Despite fallout from the financial crisis and pressure to comply with new Basel III rules, U.S. large corporate banks remain intact, according to a Greenwich Associates report. J.P. Morgan is at the market helm.
Reuters reported that BJ’s Wholesale Club is launching a $2.1 billion refinancing credit, with Deutsche as lead left, sources told Reuters .
Citigroup reported net income for Q2/13 of $4.2 billion, or $1.34 per diluted share, on revenues of $20.5 billion. This compared to net income of $2.9 billion, or $0.95 per diluted share, on revenues of $18.4 billion for Q2/12.
Citigroup reported net income for the first quarter 2013 of $3.8 billion or $1.23 per diluted share, on revenues of $20.5 billion. Analysts polled by Thomson Reuters had expected EPS of $1.18.