FT: BofA Merrill Names New M&A Chief
The Financial Times reported that former Goldman Sachs partner and institutions specialist Luigi Rizzo will join Bank of America as head of its M&A business in Europe, the Middle East and Africa.
The Financial Times reported that former Goldman Sachs partner and institutions specialist Luigi Rizzo will join Bank of America as head of its M&A business in Europe, the Middle East and Africa.
Diagnostic imaging products manufacturer Hologic said it completed a refinancing of its existing credit facility with a lender group led by Goldman Sachs Bank USA. The refinancing included a reduction in interest rates of 100 basis points.
Tronox Limited closed on a new $1.5 billion senior secured term loan. Goldman Sachs Bank, UBS Securities, Credit Suisse Securities (USA) and RBC Capital Markets were the joint lead arrangers, joint bookrunners and co-syndication agents.
Bloomberg notes in a report that Goldman Sachs, JPMorgan Chase and Morgan Stanley lagged behind peers in a key measure of capital strength by U.S. regulators to stress-test their resiliency in a severe recession.
Bloomberg reported that the largest U.S. banks are weighing whether to disregard a Federal Reserve request and announce their dividend plans shortly after the central bank’s stress tests are released.
Consumer Portfolio Services announced that it renewed its $100 million revolving credit facility with affiliates of Goldman Sachs and Fortress Investment Group.
Tronox received a commitment for a new $1.3 billion senior secured term loan provided by Goldman Sachs, UBS, Credit Suisse and RBC Capital Markets.
Reuters reported that CIT had preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo, but nothing came of the conversations.
The Federal Reserve said that Goldman Sachs and Morgan Stanley have reached agreements in principle to pay $557 million in cash payments and other assistance to help mortgage borrowers.
Bloomberg reported that Goldman Sachs Group arranged a $450 million debt refinancing for Unifrax, a producer of high-temperature insulation products.