Bank Syndicate Provides $1.125B Revolving Credit Facility to Gunvor

Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, closed a $1.035 billion sustainability-linked, syndicated revolving credit facility. The borrower has further upsized the facility by $90 million via an accordion feature, bringing the total facility amount to $1.125 billion.

July 17, 2023 Abu Dhabi Commercial Bank | Agricultural Bank Of China | Arab Petroleum Investments Corporation (APICORP) | Banque Internationale de Commerce - BRED (Suisse) | China Citic Bank | Commerzbank Aktiengesellschaft | Coöperatieve Rabobank | Credit Agricole Corporate and Investment Bank | Credit Suisse | DBS Bank | Emirates NBD Bank | First Abu Dhabi Bank | Gunvor Singapore | Habib Bank | Indian Bank | ING Bank | Jean Rohr | Krung Thai Bank | Mizuho Bank | MUFG Bank | National Bank of Fujairah | Natixis | Oversea-Chinese Banking Corporation | Societe Generale | State Bank of India | Sumitomo Mitsui Trust Bank | UBS | United Overseas Bank Ian Koplin

UBS Completes Acquisition of Credit Suisse

UBS completed the acquisition of Credit Suisse, with Credit Suisse Group merging into UBS Group. The combined entity will operate as a consolidated banking group.

June 12, 2023 Colm Kelleher | Credit Suisse | Sergio P. Ermotti | UBS Ian Koplin

Bank of America Amends and Extends Cleveland-Cliffs’ ABL Facility

Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.

June 12, 2023 Barclays | BMO | Capital One | Cleveland-Cliffs | Credit Suisse | Fifth Third | First Citizens | Goldman Sachs | Huntington | ING | J.P. Morgan | MUFG | New York Community Bank | PNC | RBC | Regions | Truist | U.S. Bank | wells fargo Ian Koplin

Blume to Continue as Group Chief Risk Officer in Credit Suisse Acquisition

Due to the planned acquisition of Credit Suisse, Christian Bluhm has agreed to remain in his role as group chief risk officer and member of the group executive board for the foreseeable future, therefore delaying the handover to Damian Vogel that was originally planned for May 1, 2023.

April 24, 2023 Christian Bluhm | Credit Suisse | Damian Vogel | Sergio P. Ermotti | UBS Ian Koplin

Wolters Kluwer Compliance Solutions Leader ‘Reassured’ by Federal Response to Bank Runs

According to Timothy Burniston, a regulatory compliance expert at Wolters Kluwer Compliance Solutions, markets should be reassured by the response of federal regulators to maintain stability in the U.S. banking system in the wake of the collapse of Silicon Valley Bank and Signature Bank.

March 23, 2023 Credit Suisse | First Republic Bank | Signature Bank | Silicon Valley Bank | Timothy Burniston | UBS | Wolters Kluwer Compliance Solutions Phil Neuffer

UBS to Acquire Credit Suisse

UBS plans to acquire Credit Suisse. The combination is expected to create a business with more than $5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBS’s position as a Swiss-based global wealth manager.

March 21, 2023 Colm Kelleher | Credit Suisse | FINMA | Ralph Hamers | Swiss Federal Department of Finance | Swiss National Bank | UBS Investment Bank Ian Koplin

Credit Suisse Closes $155MM Financing for DSD Renewables Community Solar Program

DSD Renewables has raised $155 million in debt financing for the first commercial and industrial solar asset-backed securitization with a significant concentration of community solar assets. The transaction was structured and underwritten by Credit Suisse Securities.

December 16, 2022 Credit Suisse | DSD Renewables | Ian Manchester | Mayer Brown | Sidley Austin Ian Koplin

Credit Suisse Provides $1B in Loans to Curve to Scale Lending Business, Curve Flex

Curve closed a deal to fund its first $1 billion in loans with a facility provided by Credit Suisse, enabling Curve to scale its lending business, Curve Flex, across the UK, the EU and the United States.

December 8, 2022 Credit Suisse | Curve | Paul Harrald Ian Koplin

Credit Suisse Leads $392.9MM Upsize to Warehouse Credit Facility for Flexiti

Flexiti Financial, a point-of-sale consumer financing solution for retailers, upsized its revolving warehouse credit facility from C$500 million ($367.1 million) to C$535 million ($392.9 million) and extended its maturity.

October 5, 2022 Atalaya Capital Management | Bank of Montreal | Credit Suisse | Peter Kalen Ian Koplin

JPMorgan Agents $225MM Debt Facility for Waldencast Acquisition

Waldencast Acquisition entered into a credit agreement that features $225 million in term loan and revolving credit facilities. JPMorgan Chase Bank is the administrative agent.

June 28, 2022 Banco Santander | Credit Suisse | JPMorgan Chase Bank | Michel Brousset | Waldencast Acquisition | Waldencast Finco Limited | Wells Fargo Securities Ian Koplin