Mitsubishi UFJ Financial Group acted as administrative agent and collateral agent on Sprout Social’s $100 million credit facility. Sprout Social is a provider of social media management software.
U.S. Bancorp plans to issue 24 million shares of common stock to an affiliate of Mitsubishi UFJ Financial Group (MUFG) for a purchase price of $936 million. U.S. Bancorp will use proceeds of the transaction to satisfy a portion of its previously announced repayment obligation to MUFG.
Alla Whitston joined Mitsubishi UFJ Financial Group (MUFG) as chief information officer for the Americas and Matt Abrusci joined as general counsel for the Americas. Whitston joined from Silicon Valley Bank/First Citizens Bank and Abrusci joined from the Royal Bank of Canada.
Mitsubishi UFJ Financial Group expanded its sponsor coverage effort with the hiring of Pam Bruno as managing director. Bruno will be responsible for covering private equity financial sponsors for the bank.
Mitsubishi UFJ Financial Group hired five senior executives and a total of at least 20 new team members to expand the capabilities of its technology, media and telecom (TMT) banking group, including multiple former Silicon Valley Bank executives.
Mitsubishi UFJ Financial Group hired Robert Ellenbogen to its leveraged finance team as a managing director and senior credit analyst.
According to Mitsubishi UFJ Financial Group’s capital markets strategy team’s 2023 outlook, the decade ahead will be characterized by several prevalent themes, including shorter economic cycles, more rigorous investor scrutiny and long-term supply constraints for commodities.
According to Nick Cole, the head of restaurant and hospitality finance at Mitsubishi UFJ Financial Group, the number of U.S. restaurants has not yet rebounded to pre-pandemic levels and is still significantly lower than what it was before COVID-19.
Akulaku, a banking and digital finance platform in Southeast Asia, received a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group.
Mitsubishi UFJ Financial Group (MUFG) reported that the final required regulatory approvals for the sales of MUFG Union Bank to U.S. Bank have been obtained, with the acquisition now expected to close on Dec. 1.