Morgan Stanley Archives

GoldenTree Closes $640MM CLO Under GLM Strategy

GoldenTree Loan Management II (GLM II) and its affiliated investment manager, GoldenTree Asset Management, closed a $640 million collateralized loan obligation to be managed by GLM II.

August 5, 2021 BofA Securities | GoldenTree Asset Management | GoldenTree Loan Management II | Morgan Stanley | Wells Fargo Securities Ian Koplin

Citizens Financial Enters Merger Agreement with Investors Bancorp, Transaction Valued at $3.5B

Citizens Financial Group and Investors Bancorp entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.

F.N.B. Corporation and Howard Bancorp Merge, Transaction Valued at $418MM

F.N.B. Corporation and Howard Bancorp signed a definitive merger agreement for FNB to acquire Howard, including its wholly-owned banking subsidiary, Howard Bank, in an all-stock transaction valued at approximately $418 million.

Morgan Stanley, Credit Suisse and Truist Provide $500MM Credit Facility to Tivity

Tivity Health, a provider of health solutions, priced a $400 million senior secured term loan B facility and a $100 million senior secured revolving facility. Morgan Stanley, Credit Suisse and Truist Bank are acting as joint lead arrangers and bookrunners for the transaction.

June 25, 2021 Adam Holland | Credit Suisse | Morgan Stanley | Tivity Health | Truist Bank Ian Koplin

RBC and Truist Provide Debt Financing to Support Deerfield’s Business Combination with CareMax

Deerfield Healthcare Technology Acquisitions closed its business combination with CareMax Medical Group and IMC Medical Group Holdings. The combination was partially funded by $125 million in financing from a $185 million credit facility from RBC Capital Markets and Truist Securities.

Morgan Stanley, Credit Suisse & Truist Arrange Tivity’s Credit Facility Syndication

Tivity Health launched the syndication of new senior secured credit facilities. Morgan Stanley, Credit Suisse and Truist Bank are acting as joint lead arrangers and bookrunners for the transaction.

June 8, 2021 Credit Suisse | Morgan Stanley | Tivity Health | Truist Bank Ian Koplin

Evercore Names Mellet Brown the Next CFO of the Company

Evercore named Celeste Mellet Brown its next CFO, effective Sept. 1. As CFO, Mellet Brown will be responsible for Evercore’s financial, tax, internal audit, information technology, investor relations, communications and real estate functions. She will succeed Robert B. Walsh.

Citizens Bank Acquires 80 East Coast Branches, National Online Deposit Business of HSBC

Citizens Bank entered into an agreement to acquire 80 East Coast branches from HSBC Bank as well as HSBC’s national online deposit business. Under the agreement, Citizens will acquire approximately $9 billion in deposits and approximately $2.2 billion in loans.

Morgan Stanley Names Pick & Saperstein Co-Presidents, Pruzan COO & Yeshaya CFO

Ted Pick and Andy Saperstein have been named co-presidents of Morgan Stanley. Jonathan Pruzan will become COO, Sharon Yeshaya will replace Pruzan as CFO, Shelley O’Connor will become a vice chairman and head of external affairs, and Mike Pizzi will become head of U.S. banks at Morgan Stanley.

Goldman Sachs Structures $1B Warehouse Facility for Griffin/Bain Capital Credit Entities

Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC, which were jointly established by Griffin Global Asset Management and Bain Capital Credit, closed a $1 billion senior secured warehouse facility with Goldman Sachs as the structuring agent.

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