City National Bank Archives

RBC Leads $425MM Senior Secured Revolving Credit Facility with Prime Healthcare Services

Prime Healthcare Services closed a $425 million senior secured revolving credit facility with Royal Bank of Canada (RBC) as lead arranger, bookrunner and sole administrative. Due to strong lender support, the credit facility is expected to be upsized to $450 million in early September.

Stellus Supports Intuitive Health’s Add-On Acquisition of Premier ER & Urgent Care

Stellus Capital Management partnered with City National Bank to provide senior debt financing in support of Intuitive Health, a portfolio company of Altamont Capital Partners, on its acquisition of Premier ER & Urgent Care.

City National Bank Provides $27.1MM Term Loan to OYA Renewables

OYA Renewables, an energy transition solutions platform, secured a $27.1 million long-term loan facility from City National Bank, a wholly-owned U.S. subsidiary of Royal Bank of Canada.

March 28, 2023 City National Bank | Craig Robb | Greenprint | Manish Nayar | OYA Renewables Markiesha Thompson

KeyBanc Capital Markets Leads $224MM Energy Transition Debt Facility for Scale Microgrids

Scale Microgrids closed a first of its kind non-recourse project finance debt facility to fund the construction and operations of a portfolio of microgrids, combined heat and power systems, community solar, rooftop solar, battery energy storage systems and microgrid EV infrastructure projects.

City National Bank Provides $88.14MM Real Estate Secured Term Loan to Utz Brands

Utz Brands, a U.S. manufacturer of branded salty snacks, and the company’s subsidiaries Utz Quality Foods, Kennedy Endeavors and Condor Snack Foods, have entered into a real estate senior secured term loan in the original aggregate principal amount of $88.14 million with City National Bank.

October 13, 2022 Ajay Kataria | City National Bank | Utz Brands Ian Koplin

City National Bank Expands East Coast Commercial Banking Operations

City National Bank grew its Commercial Banking presence on the East Coast, adding nearly a dozen new bankers and offering commercial, institutional and nonprofit banking services throughout the region.

Hercules Capital Expands Credit Facility with MUFG Bank and SMBC to $720MM

Hercules Capital increased its existing credit facilities with MUFG Bank and Sumitomo Mitsui Banking Corporation from a combined $500 million to $720 million, subject to a borrowing base, leverage and other restrictions.

BofA Leads Lender Group Providing $1B Sustainability-Linked Credit Facility to Tetra Tech

Tetra Tech, a provider of consulting and engineering services in water, environment and sustainable infrastructure, established a $1 billion sustainability-linked credit facility. Bank of America led the lender group for the facility with joint lead arrangers Wells Fargo Bank, U.S. Bank and Bank of Montreal.

City National Bank Promotes Williams to EVP

City National Bank promoted Brent Williams to executive vice president. Williams, who serves as head of the bank’s national corporate banking division, will also join City National Bank’s executive committee.

Goldsmith to Retire as Chairman of City National Bank

Russell Goldsmith, chairman of City National Bank and RBC Wealth Management U.S., will retire on Jan 31.

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