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.

March 10, 2023 Allen & Overy | Andy Redinger | Black & Veatch | City National Bank | Craig Robb | Energetic Insurance | Foley & Lardner | James Bowen | KeyBanc Capital Markets | Ryan Goodman | Wood Mackenzie Ian Koplin

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.

July 14, 2022 Allen Phinney | Brett Lane | City National Bank | Geoffrey Rispoli | Institutional & Nonprofit Banking | Jim Earnest | Zach Mayo Ian Koplin

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. 

June 16, 2022 City National Bank | Goldman Sachs | Hercules Capital | MUFG Bank | Seth Meyer | Sumitomo Mitsui Banking Corporation | Synovus Financial Corporation Ian Koplin

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.

February 23, 2022 Bank of America | Bank of Montreal | BNP Paribas | City National Bank | Dan Batrack | Dr. Leslie Shoemaker | HSBC Bank USA | Steve Burdick | Tetra Tech | The Bank of Nova Scotia | US Bank | Wells Fargo Bank Ian Koplin

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.

December 9, 2021 Brandon Hovard | Brent Williams | City National Bank | Jasleen Patel | Jim Haskell | John Wheeling | Kelly Coffey | Michael Walker | Rich Raffetto Phil Neuffer

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.

December 3, 2021 City National Bank | Dave McKay | Kelly Coffey | Michael Armstrong | RBC Wealth Management U.S. | Russell Goldsmith Ian Koplin

City National Bank Increases Ares Commercial Real Estate’s Revolver to $75MM

Ares Commercial Real Estate increased the size of its secured revolving facility with City National Bank from $50 million to $75 million.

November 15, 2021 Ares Commercial Real Estate | Bryan Donohoe | City National Bank Ian Koplin

City National Bank Leads $302.8MM Credit Facility Syndication for Meritage Hospitality Group

Meritage Hospitality Group, a franchise operator, closed on a $302.8 million senior secured credit facility syndication led by City National Bank. Meritage Hospitality Group closed on the facility in advisory with Auspex Capital.

August 9, 2021 Auspex Capital | City National Bank | Meritage Hospitality Group Ian Koplin