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.
U.S. Bank has received all required U.S. regulatory approvals to complete its previously announced acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (MUFG).
Radiant Logistics secured a $200 million syndicated secured revolving credit facility to replace its existing $150 million revolving facility. Concurrent with entering into new secured facility, the company also amended the term loans held by its Canadian lender, Fiera Private Debt Funds IV and V.
Evoqua Water Technologies activated the sustainability-linked adjustment feature available under its $350 million revolving credit facility as part of the company’s continued commitment to integrating sustainability performance into its business strategy.
Performant Financial, a provider of technology-enabled audit, recovery and related analytics services, entered into a new credit agreement with MUFG Union Bank that provides the company with up to $35 million in debt financing.
America’s Car-Mart extended the term of its revolving credit facilities to Sept. 29, 2024, and increased the total permitted borrowings to $600 million. In addition, CIBC Bank USA and Axos Bank joined the lending group.
U.S. Bancorp entered into a definitive agreement to acquire MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group. Under the terms of the agreement, U.S. Bancorp will purchase MUFG Union Bank for approximately $8 billion.
Rite Aid entered into an amendment to its senior secured credit agreement, which consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million first in, last out senior secured term loan. Bank of America will continue to act as administrative agent for the facilities.
Brian Gunn will join MUFG as chief risk officer for MUFG Americas Holdings Corporation and its primary banking subsidiary, MUFG Union Bank, effective Sept. 13. Gunn will succeed Donna Dellosso, who announced her decision to retire in May of this year.
Apollo Medical Holdings refinanced its existing term loan and revolving credit facility with a new five-year revolving credit facility of $400 million. Truist Bank served as administrative agent.