RBC Leads $425MM Senior Secured Revolving Credit Facility with Prime Healthcare Services

Prime Healthcare Services closed a $425 million senior secured revolving credit facility with Royal Bank of Canada (RBC) as lead arranger, bookrunner and sole administrative. Due to strong lender support, the credit facility is expected to be upsized to $450 million in early September.

September 6, 2023 Barclays | City National Bank | Key Bank | MUFG | Prime Healthcare Services | Royal Bank of Canada | Siemens Financial Services | Steve Aleman | Texas Capital Bank | UMB Bank Ian Koplin

MUFG Adds Whitston as Chief Information Officer, Abrusci as General Counsel for Americas

Alla Whitston joined Mitsubishi UFJ Financial Group (MUFG) as chief information officer for the Americas and Matt Abrusci joined as general counsel for the Americas. Whitston joined from Silicon Valley Bank/First Citizens Bank and Abrusci joined from the Royal Bank of Canada.

July 28, 2023 Alla Whitston | Kevin Cronin | Matt Abrusci | Mitsubishi UFJ Financial Group | MUFG Phil Neuffer

Bank of America Amends and Extends Cleveland-Cliffs’ ABL Facility

Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.

June 12, 2023 Barclays | BMO | Capital One | Cleveland-Cliffs | Credit Suisse | Fifth Third | First Citizens | Goldman Sachs | Huntington | ING | J.P. Morgan | MUFG | New York Community Bank | PNC | RBC | Regions | Truist | U.S. Bank | wells fargo Ian Koplin

MUFG Expands Tech Banking Team, Adds Multiple Former Silicon Valley Bank Execs

Mitsubishi UFJ Financial Group hired five senior executives and a total of at least 20 new team members to expand the capabilities of its technology, media and telecom (TMT) banking group, including multiple former Silicon Valley Bank executives.

April 20, 2023 Bill Davidson | Bob Blee | Brian Boatman | Brian Fitzpatrick | John Atanasoff | Larry Bressler | Mike Shuhy | Mitsubishi UFJ Financial Group | MUFG Ian Koplin

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.

December 2, 2022 MUFG | MUFG Union Bank. U.S. Bancorp Ian Koplin

US Bank’s MUFG Union Bank Acquisition to Close 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.

October 19, 2022 Mitsubishi UFJ Financial Group | MUFG | MUFG Union Bank | U.S. Bank Ian Koplin

ING, Wells Fargo, MUFG and Société Générale Expand Six One Commodities’ Revolver

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.

September 30, 2022 Benjamin Sutton | Coöperative Rabobank | HSBC Bank | ING Capital | Matthew Rosetti | MUFG | Six One Commodities | Societe Generale | wells fargo Phil Neuffer

Wabtec Amends and Restates Credit Agreement with PNC Bank and Group of Lenders

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.

August 18, 2022 BNP Paribas | Citi Bank | Credit Agricole CIB | First National Bank | HSBC | JPMorgan Chase Bank | MUFG | PNC Bank | TD Bank | U.S. Bank | Wabtec Ian Koplin

MUFG Appoints Komoriya Executive Chairman of the Board of Directors MUFG Americas

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.

June 30, 2022 Masatoshi (Masa) Komoriya | MUFG | Toby S. Myerson Rita Garwood

MUFG Hires Badrakhan as Head of ABS

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.

March 17, 2022 Mitsubishi UFJ Financial Group | MUFG | Tricia Hazelwood | Yezdan Badrakhan Ian Koplin