On Jan. 1, United Community Banks completed its merger with Reliant Bancorp, including its wholly-owned subsidiary, Reliant Bank, which was merged with and into United’s bank subsidiary, United Community Bank, and will now operate under the United brand.
Vmo Aircraft Leasing closed a five-year, $600 million senior secured warehouse facility. Credit Suisse Securities and Natixis Corporate and Investment Bank are the co-structuring agents and joint lead arrangers of the facility. UMB Bank is the administrative agent and the security trustee.
Bird Rides completed its business combination with Switchback II Corporation. The combined company received $414 million in incremental liquidity, including availability under Bird’s credit facility with Apollo Investment and MidCap Financial Trust.
Galaxy Universal, a portfolio company of Gainline Capital Partners, agreed to acquire the And1, Avia, Gaiam and SPRI brands from Sequential Brands Group for approximately $330 million. KKR led the debt financing for the acquisition and will participate as a co-investor.
A subsidiary of Ares Management entered into a definitive agreement with a subsidiary of BrightSphere Investment Group and Landmark Investment Holdings to acquire 100% of Landmark Partners. The transaction is valued at $1.08 billion.
Charles Schwab completed its acquisition of TD Ameritrade. The integration of the two companies’ operations is expected to occur over the next 18 to 36 months.
Citibank served as administrative agent on an amendment to KB Home’s revolving credit facility, which increased the borrowing capacity to $800 million and extended the maturity date to October 2023.
Calpine entered into a new seven-year $750 million term loan facility. Credit Suisse served as administrative agent for the transaction.
Stonebriar Commercial Finance has allocated all bonds, confirmed pricing and is set to close its fifth commercial equipment asset-backed securitization, SCFET 2019-1, a $650 million ABS issuance.
Online image aggregator and social media platform Pinterest filed a proposal with the SEC for an initial public offering of its Class A shares. Goldman Sachs, J.P. Morgan Securities and Allen & Company will serve as lead joint book-running managers for the offering.