JPMorgan Agents $2.5B Revolver for AVANGRID
AVANGRID, a sustainable energy company, closed a $2.5 billion sustainability-linked credit facility with JPMorgan as administrative agent and BBVA as sustainability agent.
AVANGRID, a sustainable energy company, closed a $2.5 billion sustainability-linked credit facility with JPMorgan as administrative agent and BBVA as sustainability agent.
Matt Maley joined Mitsubishi UFJ Financial Group as a managing director and head of the bank’s Private Equity Sponsor coverage group. He will report to Robert Smock, head of Corporate Advisory for the Americas.
MUFG selected managing director Bill Davidson to lead the newly established Global Technology Sector as part of the bank’s Global Corporate and Investment Banking group.
CMS Energy and its primary subsidiary, Consumers Energy, completed the first syndicated sustainability-linked revolving credit facilities for a U.S. borrower. The aggregate $1.4 billion in new credit facilities will allow CMS to reduce its interest rate by meeting targets related to environmental sustainability.
Hercules Capital increased its credit facility with MUFG Union Bank to $100 million.
National retailer Conn’s amended its $650 million asset-based revolving credit facility with Bank of America as administrative agent.
Edison International amended two credit facility with its lender group, increasing the revolving credit facility from $1.25 billion to $1.5 billion. Southern California Edison increased its revolver from $2.75 billion to $3 billion.
Mitsubishi UFJ Financial Group promoted Jon Lindenberg to head of Investment Banking for the Americas. Concurrently, Shinichi Sato was named deputy head of Investment Banking and Erik Codrington was appointed head of Structured Finance.
Aspen Holdings closed multi-currency syndicated facilities equivalent to approximately €3.4 billion ($4 billion). MUFG and Nedbank served as global coordinators, initial mandated lead arrangers and bookrunners.
Fusion, a provider of cloud services, closed its acquisition of the business services unit of Birch Communications. Goldman Sachs served as administrative agent for $680 million in financing to support the buy.