CIBC joined RMI’s Center for Climate-Aligned Finance as a strategic partner. According to CIBC, it is the first Canadian bank to partner with the center’s efforts to align financial decision-making with the long-term decarbonization of the real economy.
Citi and Goldman Sachs provided debt financing for Blackstone’s acquisition of Interior Logic Group.
Bank of America, Goldman Sachs and Credit Suisse acted as joint bookrunners and joint lead arrangers on a new $720 million term loan for Utz Brands, with Bank of America serving as administrative agent.
Goldman Sachs agented and split equally with Guggenheim Credit Services a $170 million unitranche term loan and Bank of Montreal provided a $75 million asset-based line of credit to refinance health and wellness company Landec Corporation’s previous credit facilities.
Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group entered into a definitive business combination agreement with Altimar Acquisition Corporation to form Blue Owl Capital, an alternative asset management firm with more than $45 billion in assets under management.
Huntington Bancshares, the parent company of Huntington National Bank, and TCF Financial, the parent company of TCF National Bank, signed an agreement under which the companies will combine in an all-stock merger with a total market value of approximately $22 billion.
Private credit and equity fund Avante Capital Partners promoted Amanda Kim to vice president of the firm. Prior to joining Avante in 2016, Kim served four years in Goldman Sachs’ investment management division.
CIT’s power and energy business served as coordinating lead arranger on $256 million of financing for a Pecos County, TX-based 250-megawatt Taygete I energy project owned by 7X Energy.
Private investment firm Brightwood Capital Advisors appointed William W. Archer chief credit officer, a position he previously held from 2013 to 2015. Archer most recently served as a consultant to the Canadian Public Pension Investment Board and will be based in New York.