Citibank Archives - ABFJournal

JPMorgan Chase Provides $50MM Credit Facility to Climb Global Solutions

Climb Global Solutions, an IT channel company providing sales and distribution solutions for technology vendors, signed an agreement for a five-year, $50 million secured revolving credit facility with JPMorgan Chase.

May 24, 2023 Alison Harris | Citibank | Climb Global Solutions | Dale Foster | JPMorgan Chase Ian Koplin

Syndicate of Lenders Support Ironwood Pharmaceuticals’ Acquisition of VectivBio

Ironwood Pharmaceuticals entered into a definitive agreement to acquire VectivBio for an estimated aggregate consideration of approximately $1 billion. Citibank, Citizens Bank, JPMorgan Chase, Royal Bank of Canada and Wells Fargo provided financing for the transaction.

UMB Agents Upsize of Griffin Global Asset Management’s Warehouse Facility

Griffin Global Asset Management upsized its senior secured warehouse facility to $2 billion with a syndicate of 12 banks. UMB Bank is acting as the administrative agent and security trustee for the facility.

Citibank Provides $109.4MM Credit Facility to AB “Ignitis Grupė”

The management board of AB “Ignitis grupė” approved the intention to conclude a credit facility agreement of EUR 100 ($109.4 million) million with Citibank.

April 5, 2023 AB “Ignitis grupė” | Citibank Ian Koplin

Perseus Mining Upsizes Corporate Debt Facility to $300MM

African focused gold producer Perseus Mining refinanced its existing syndicated debt facility to a $300 million revolving corporate facility.

Citi Delivers $200MM Credit Facility to Embraer

Embraer closed a $200 million credit facility to finance purchases from direct suppliers in the United States. Citibank is providing the financing, which is guaranteed by the Export-Import Bank of the United States.

March 10, 2023 Antonio Carlos Garcia | Citibank | Embraer | Export-Import Bank of the United States | Miguel Queen Ian Koplin

Diversified Healthcare Trust Amends Credit Agreement with Lenders

Diversified Healthcare Trust (DHC) amended its credit facility. Wells Fargo Securities, RBC Capital Markets, Citibank and PNC Capital Markets acted as joint lead arrangers for the amendment to DHC’s credit agreement. Wells Fargo Bank is the administrative agent and collateral agent for the facility.

ING Capital Leads Expansion of BB Energy’s Credit Facility to $580MM

BB Energy, a global independent energy trading company, refinanced and expanded a $580 million senior secured borrowing base credit facility.

RBC Leads Syndicate of Lenders Providing $50MM Credit Facility to Dynasty Financial Partners

Dynasty Financial Partners, a provider of back and middle-office outsourced solutions for RIAs, closed a $50 million revolving credit facility with Royal Bank of Canada (RBC) acting as sole administrative agent.

Citibank, Wells Fargo and M&T Bank Close $500MM Credit Facility with Hersha Hospitality Trust

Hersha Hospitality Trust closed on the refinancing of a $500 million senior secured credit facility and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties.

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