HSBC Archives - ABFJournal

First Citizens Claims HSBC’s Silicon Valley Bank Staffing Additions ‘Violated Federal Law’

Reuters reported that First Citizens Bank filed a lawsuit against HSBC after it hired “dozens” of former Silicon Valley Bank employees in April. According to Reuters, First Citizens is alleging that HSBC “violated federal law by hiring away the workers.”

May 23, 2023 David Sabow | First Citizens Bank | HSBC | Silicon Valley Bank Ian Koplin

HSBC Adds ‘Dozens’ of Former Silicon Valley Bank Employees to US Division

According to Reuters, David Sabow, the former head of technology and healthcare in North America for Silicon Valley Bank, is leading a team of “dozens” of former Silicon Valley Bank employees in joining HSBC’s U.S. division.

CIT Leads Syndicate Providing $750MM Credit Facility for Origis Energy

Origis Energy closed an upsizing amendment to its development finance facility, doubling capacity to $750 million. With enhanced flexibility and increased capacity, the credit facility will support further expansion of its solar and energy storage project pipeline.

HSBC Agrees to Sell Banking Business in Canada to Royal Bank of Canada for $10.1B

HSBC Holdings’ wholly-owned subsidiary, HSBC Overseas Holdings (UK) Limited, entered into an agreement to sell its banking business in Canada (HSBC Canada) to Royal Bank of Canada (RBC) for a base cash consideration of C$13.5 billion ($10.1 billion).

November 29, 2022 HSBC | HSBC Canada | Noel Quinn | Royal Bank of Canada Ian Koplin

Wabtec Amends and Restates Credit Agreement with PNC Bank and Group of Lenders

Wabtec signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility.

CIT Leads Syndicate of Lenders Providing $375MM Credit Facility to Origis Energy

Origis Energy, a renewable energy platform, closed a $375 million credit facility for its solar and energy storage development project pipeline.

HSBC Provides $127MM Facility for Vobile Group’s Acquisition of Particle Culture Technology Group

Vobile Group secured more than $127 million in financing for its proposed acquisition of Particle Culture Technology Group in China. Solely led by HSBC, the bespoke financing package is comprised of a senior bilateral facility as well as private credit funds.

April 26, 2022 Frank Fang | HSBC | Particle Culture Technology Group | Vobile Group | Yangbin Wang Ian Koplin

HSBC Provides $149.7MM Warehouse Credit Facility to Tangelo

Tangelo, a financial technology company in Latin America specializing in alternative credit, closed a credit facility for $3 billion Mexican pesos ($149.7 million) with HSBC.

April 6, 2022 Alejandro Monzó | HSBC | Tangelo Ian Koplin

Wells Fargo Leads Credit Facility Refinance for The Children’s Place

The Children’s Place refinanced its revolving credit facility and term loan with a new lending group led by an affiliate of Wells Fargo. The new debt consists of a revolving credit facility with $350 million of availability and a $50 million term loan.

HSBC and SEB Coordinate $2B Sustainability-Linked Revolver for Ericsson

Ericsson signed a $2 billion sustainability-linked revolving credit facility, renewing an undrawn $2 billion credit facility signed in 2013. HSBC and SEB acted as coordinators for the facility, with SEB also acting as sustainability coordinator. Swedbank is the facility agent.

Tag Archives: HSBC