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.
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.
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.
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.
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.