MUFG Completes Sale of MUFG Union Bank to U.S. Bancorp
MUFG completed the sale and share transfer of MUFG Union Bank to U.S. Bancorp on Dec. 1.
MUFG completed the sale and share transfer of MUFG Union Bank to U.S. Bancorp on Dec. 1.
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.
Six One Commodities closed a one-year, $745 million revolving borrowing base credit facility, which was expanded from $540 million by the company’s existing financial institutions. ING Capital, Wells Fargo, MUFG and Société Générale are joint lead arrangers for the facility.
Wabtec signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility.
MUFG appointed Masatoshi (Masa) Komoriya executive chairman of the board of directors for MUFG Americas Holdings and its U.S. banking subsidiary, MUFG Union Bank, effective June 30, 2022.
Yezdan Badrakhan will join Mitsubishi UFJ Financial Group (MUFG) as managing director and head of U.S. esoteric asset-backed securities. Badrakhan previously launched Morgan Stanley’s structured products capital markets transportation business.
Vmo Aircraft Leasing closed a five-year, $600 million senior secured warehouse facility. Credit Suisse Securities and Natixis Corporate and Investment Bank are the co-structuring agents and joint lead arrangers of the facility. UMB Bank is the administrative agent and the security trustee.
Mars Growth provided a $4.5 million credit facility to Kontist, a financial technology company providing banking and bookkeeping services to the self-employed and freelancers in Germany. Mars Growth utilized a machine learning platform to perform due diligence and provide a term sheet in 24 hours.
Mars Growth Capital, a joint venture between Liquidity Capital and MUFG, closed a $5.5 million financing agreement with Fusion Sport, an Australian-based sports performance technology company, to drive the company’s international expansion.
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.