Morgan Stanley Archives

Industrial Logistics Properties Trust Closes $1.235B Debt Financing with Syndicate of Lenders

Industrial Logistics Properties Trust closed on a $1.235 billion debt financing with a final maturity date of Oct. 9, 2027. The financing is secured by a portfolio of 104 industrial properties containing approximately 18.6 million square feet across 31 states.

Owl Rock Provides $175MM Term Loan to Support ADC Therapeutics’ Strategic Transactions

ADC Therapeutics completed a series of strategic transactions in which it entered into a $175 million senior secured term loan with certain funds of Owl Rock as well as settled in full the $115 million aggregate principal amount of senior secured convertible notes held by Deerfield Management.

UMB Agents $1.5B Warehouse Facility for Griffin Global Asset Management

UMB Bank is serving as administrative agent for an amended $1.5 billion senior secured warehouse facility for two entities jointly established by Griffin Global Asset Management and Bain Capital Credit.

GoldenTree Asset Management Closes $599MM CLO

GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management, closed a $599 million collateralized loan obligation to be managed by GLM II.

May 16, 2022 BofA Securities | GoldenTree Asset Management | GoldenTree Loan Management II | Morgan Stanley | Wells Fargo Securities Ian Koplin

Citi Agents $500MM Warehouse Facility for Voyager Aviation Holdings

Voyager Aviation Holdings, an aircraft asset lessor and manager, closed a five-year, senior secured warehouse facility with an initial committed amount of $500 million. Citi is acting as the administrative agent and security trustee for the facility.

TD Bank Acquires First Horizon for $13.4B

TD Bank Group signed a definitive agreement to acquire First Horizon in an all-cash transaction valued at $13.4 billion, or $25 for each common share of First Horizon.

United Community Banks Completes Merger with Reliant Bancorp

On Jan. 1, United Community Banks completed its merger with Reliant Bancorp, including its wholly-owned subsidiary, Reliant Bank, which was merged with and into United’s bank subsidiary, United Community Bank, and will now operate under the United brand.

Ares Management Acquires AMP’s PrivateMarketsCo Infrastructure Debt Platform

Ares Management and its subsidiary, Ares Holdings, entered into a definitive agreement to acquire AMP’s PrivateMarketsCo Infrastructure Debt platform, an infrastructure debt investment platform with approximately $8 billion in assets under management as of Sept. 30.

Monroe Capital and Morgan Stanley Support Mammoth Holdings’ Wasatch Express Acquisition

Wasatch Express Car Wash, a one-unit car wash operator with operations in Utah, has agreed to join Mammoth Holdings, an express car wash platform. Monroe Capital and Morgan Stanley provided debt financing to Mammoth Holdings in connection with the transaction.

BMO Acquires Bank of the West for $16.3B

BMO Financial Group and its indirect, wholly-owned, Chicago-based subsidiary, BMO Harris Bank, signed a definitive agreement with BNP Paribas to acquire Bank of the West and its subsidiaries for $16.3 billion.

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