Morgan Stanley Archives

JPMorgan, Morgan Stanley, Mizuho and BofA Close $500MM Term Loan for Venture Global LNG

JPMorgan Chase Bank, Morgan Stanley Senior Funding, Mizuho Bank and Bank of America closed a $500 million term loan for Venture Global LNG. JPMorgan and Morgan Stanley served as joint lead arrangers of the transaction.

February 12, 2021 Bank of America | JPMorgan | Mike Sabel | Mizuho Bank | Morgan Stanley Phil Neuffer

Morgan Stanley Leads Debt Financing to Support E.W. Scripps’ Buy of ION Media

Morgan Stanley Senior Funding led debt financing to support the close of E.W. Scripps Company’s acquisition of ION Media Networks. In addition, BofA Securities, Truist Securities, J.P. Morgan and Wells Fargo acted as joint book runners on the debt financing.

Sharma Joins Wells Fargo’s CIB Group as Managing Director

Sandeep Sharma joined Wells Fargo Corporate & Investment Banking’s technology, media and telecom group as a managing director. Sharma most recently led coverage of IT services, outsourcing and digital transformation companies at Morgan Stanley.

Fifth Third Bank Names Eck and Stapel Heads of ABL Group

Fifth Third Bank appointed Greg Eck and William Stapel as senior vice presidents and heads of the asset-based lending group.

December 4, 2020 Harold Ford Jr. | Merrill Lynch | Michael Lyons | Morgan Stanley | PNC Ellie Delany

Former U.S. Congressman Ford Jr. Joins PNC Corporate and Institutional Banking

Harold Ford Jr. assumed the role of vice chairman of corporate and institutional banking (C&IB), reporting to Michael Lyons, head of C&IB, at PNC Financial Services Group. Ford has more than 25 years of political and financial experience, serving in Congress from 1997 through 2007.

December 4, 2020 Harold Ford Jr. | Merrill Lynch | Michael Lyons | Morgan Stanley | PNC Ellie Delany

JPMorgan and Others Provide Debt Financing for Service Logic Acquisition

Service Logic was acquired by Leonard Green & Partners from private equity firm Warburg Pincus. Debt financing for the transaction was provided by JPMorgan Chase Bank, Morgan Stanley, Antares Capital and Crescent Capital.

First Citizens and CIT to Merge

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets.

Bank of America Supports WillScot, Mobile Mini Merger with $2.4B Revolver

According to an 8K filed with the SEC, Bank of America served as administrative and collateral agent on a $2.4 billion asset-based revolving credit facility in connection with the merger of WillScot and Mobile Mini.

Morgan Stanley Leads $2.2B Term Loan for Royal Caribbean Cruises

Morgan Stanley, J.P. Morgan, Bank of America, BNP Paribas and Goldman Sachs acted as joint lead arrangers and bookrunners on a $2.2 billion 364-day secured term loan facility for Royal Caribbean Cruises. Morgan Stanley also served as administrative and collateral agent.

Trade Finance Market to Grow 4% by 2024

The global trade finance market will grow at a CAGR of more than 4% or by $11.25 billion between 2020 and 2024, according to research and advisory company Technavio.

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