MUFG Union Bank served as the coordinating lead arranger for a $440 million senior secured credit facility for Nexamp, a renewable energy generator and community solar provider. The financing is for a 380-megawatt portfolio of solar and energy storage assets.
MUFG Union Bank hired Rob Swanson as managing director and Northern California market president. Prior to joining MUFG, he served as a managing director and market executive for the western region at Wells Fargo, covering technology banking.
Truist Securities, JPMorgan and MUFG Union Bank served as joint lead arrangers on the expansion and extension of a revolving credit facility for Sixth Street Specialty Lending.
Apollo Investment Corporation extended the final maturity of its senior secured revolving credit facility by approximately two years. JPMorgan Chase, Truist Securities, BMO Capital Markets and MUFG Union Bank are joint bookrunners and joint lead arrangers on the facility.
KeyBank Specialty Finance Lending, MUFG, Bank of Hope and CIBC expanded Runway Growth Credit Fund’s revolving credit facility to $215 million with an accordion feature that enables Runway Growth to increase the commitments to up to $300 million.
MUFG Union Bank’s commercial banking group acted as lead arranger for a recapitalization for software company NetMotion. NetMotion is a portfolio company of The Carlyle Group.
According to an 8K, MUFG Union Bank, Wells Fargo, Citizens Bank and BMO Harris led an incremental amendment for a $175 million term loan A facility for MaxLinear. MaxLinear is using the financing to fund its completed acquisition of Intel’s home gateway platform division.
Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.
Bank of America Securities served as sole bookrunner and joint lead arranger for a renewed $420 million credit facility for McGrath RentCorp.
Kazuo Koshi was appointed executive chairman of the board of directors for MUFG Americas Holdings and its U.S. banking subsidiary, MUFG Union Bank. Masahiro Kuwahara also joined the board of directors.