Stonebriar Commercial Finance extended its $1 billion revolving warehouse credit facility agented by Bank of America to 2025. Mitsubishi UFJ Financial Group (MUFG) joined the facility as a new participating lender.
Mitsubishi UFJ Financial Group appointed Randall Chafetz to the role of vice chairman of the firm’s global corporate and investment banking business. Chafetz will assume this newly created role in New York on June 29.
Mitsubishi UFJ Financial Group hired nine bankers for the restaurant finance group of its corporate and investment banking division, including Nick Cole and Quinn Hall as managing directors.
Mitsubishi UFJ Financial Group appointed Neal Holland CFO of MUFG Americas Holdings and its primary banking subsidiary, MUFG Union Bank, effective June 1. Holland will succeed Johannes Worsoe, who has served as CFO since 2016.
Mitsubishi UFJ Financial Group hired Michael Klein and Keith Murray as managing directors of sponsor coverage and John Timoney as a managing director for the capital markets group.
Mitsubishi UFJ Financial Group acted as a structuring lead on Starwood Property Trust’s first project finance collateralized loan obligation. The deal also represents MUFG’s first structuring lead mandate on a project finance CLO.
Mitsubishi UFJ Financial Group hired two managing directors for its leveraged finance platform. Todd Bondy will serve as head of high yield trading and Ryan Munro will serve as head of leveraged syndicate. Both will be based in New York and are scheduled to join the firm in April.
Mitsubishi UFJ Financial Group appointed Kevin P. Cronin regional executive of the Americas at MUFG and MUFG Bank (its primary banking subsidiary) and president and CEO of MUFG Americas Holdings Corporation and MUFG Union Bank.
Financing for restaurant franchise operators in the large and middle-tier segments has mostly bounced back to what it had been before the onset of the COVID-19 pandemic, according to Brian Geraghty, head of restaurant finance at Mitsubishi UFJ Financial Group.
Mitsubishi UFJ Financial Group will launch a capital markets strategy group. Tom Joyce, who joined MUFG from Deutsche Bank, will lead the new group.