Citigroup Taps Fraser to Succeed Corbat as CEO
The Wall Street Journal reported Citigroup has tapped its Latin America chief, Jane Fraser, to serve as the bank’s No. 2 executive, putting her atop the list to succeed Chief Executive Michael Corbat.
The Wall Street Journal reported Citigroup has tapped its Latin America chief, Jane Fraser, to serve as the bank’s No. 2 executive, putting her atop the list to succeed Chief Executive Michael Corbat.
GoldenTree Loan Management closed a €402 million ($443 million) collateralized loan obligation to be managed by GLM.
Natgasoline priced around $900 million of new senior secured debt financing, including a $565 million term loan B. J.P. Morgan and Goldman Sachs acted as left lead arrangers and bookrunners on the term loan.
Reuters reported that Sears chairman Eddie Lampert is holding discussions with Cyrus Capital Partners to share the $30 million financing to support the company’s Chapter 11 effort.
The Wall Street Journal reported that Sears Holdings’ biggest lenders are pushing the retailer to liquidate its assets in a Chapter 7 bankruptcy filing.
The Securities and Exchange Commission entered an order finding that Citigroup Global Markets misled users of a dark pool operated by one of its affiliates.
Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. Bank of America Merrill Lynch is leading the syndication.
Citigroup agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls and trader supervision.
An investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners agreed to acquire Dun & Bradstreet, a provider of commercial data, analytics and insight services for businesses.
LifePoint Health and RCCH HealthCare Partners are merging, with LifePoint remaining as the surviving privately-held entity upon closing. Barclays, Citigroup, RBC Capital Markets and Credit Suisse will provide financing to support the transaction.