Citigroup Archives - ABFJournal

Bloomberg: Goldman Sachs and Citi Among 22 Banks Providing Buyout Financing to CD&R

According to BNN Bloomberg, Goldman Sachs and Citigroup are among 22 banks that will provide Clayton Dubilier & Rice, a private investment firm, with buyout financing to secure a stake in Sanofi’s consumer health division.

Citi and Apollo Form $25B Private Credit, Direct Lending Program

Citigroup and Apollo entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies.

Banks: Stubbornly High Interest Rates Call for a New Cost-Cutting Playbook

With interest rates showing no signs of decreasing, Pierre Buhler and Rajeev Aggarwal argue that bank executives must drastically reduce costs. To find a leaner way to operate, they suggest asking three key questions.

Star Mountain Capital Adds Millard as Senior Advisor

Star Mountain Capital hired Charles Millard as senior advisor. Millard has over 30 years of economic policy, investment advisory and wealth management experience and is a prominent speaker and writer within the pension and retirement investment plan space.

Gordon Brothers Affiliate Provides FILO Term Loan to Big Lots

Discount retailer Big Lots increased its borrowing capacity by up to $200 million with a new first in, last out term loan facility through 1903P Loan Agent, an affiliate of Gordon Brothers Capital.

Citi Names New Leader of Asset-Based and Transitional Finance

Bloomberg reported that Citigroup named Shane Azzara the successor to Shapleigh Smith as head of asset-based and transitional finance. According to Bloomberg, Smith will retire in May.

April 12, 2024 Citi | Citigroup | Shane Azzara | Shapleigh Smith Phil Neuffer

Citi Plans to Eliminate Distressed Debt Unit

CNBC reported that Citigroup will eliminate its distressed debt unit. CNBC noted that the closure of the unit is the latest move in the planned “overhaul of the bank” being led by Jane Fraser, the bank’s CEO.

December 29, 2023 Citigroup | Jane Fraser Ian Koplin

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.

Citigroup Leads Revolver for New Platform from GA Telesis and Tokyo Century

GA Telesis and Tokyo Century launched a new joint venture lending platform, HALO AirFinance, which will have a revolving credit facility led by Citigroup as structuring agent and Fifth Third Bank as co-lead arranger.

Industrial Logistics Properties Trust Closes $1.235B Debt Financing with Syndicate of Lenders

Industrial Logistics Properties Trust closed on a $1.235 billion debt financing with a final maturity date of Oct. 9, 2027. The financing is secured by a portfolio of 104 industrial properties containing approximately 18.6 million square feet across 31 states.

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