Regulators Approve Mechanics Acquisition of Rabobank

Mechanics Bank and Rabobank International have received regulatory approval for the pending acquisition of Rabobank — Rabobank’s California-based and primarily retail bank — by Mechanics.

Rabobank Upsizes Dean Foods Revolver to $265MM

Dean Foods has successfully increased the company’s borrowing base availability to $265 million under its senior secured revolving credit facility. Rabobank served as administrative agent for the transaction.

DeCero, Borrecco To Lead Combined Mechanics/Rabobank Bank

Following the strategic combination of the Mechanics Bank and Rabobank, John DeCero, president and CEO of Mechanics Bank, and Mark Borrecco, CEO of Rabobank, will serve as Co-CEOs of the new organization.

Rabobank Appoints Pelletier as Regional Head of TCF Americas

Rabobank has appointed Christine Pelletier as regional head of Trade and Commodity Finance for the Americas.

ING Capital Agents $190MM Revolver for Auramet

Auramet International has closed a $190 million syndicated financing deal. ING Capital as administrative agent, structured and arranged the revolving credit facility.

Rabobank, Others Renew Sucafina $300MM Sustainability Linked Facility

Global sustainable coffee company Sucafina and an 11-bank syndicate led by BNP Paribas with Rabobank, as sustainability agent, have renewed their sustainability linked syndicated borrowing base facility first established in 2017.

Rabobank Leads $450MM Revolver for Coffee Traders Mercon

Rabobank led a $450 million revolving credit facility for green coffee trading company Mercon, according to the Daily Coffee News.

Rabobank, Mechanics Bank Agree to Merge

Mechanics Bank agreed to acquire Rabobank in a strategic business combination transaction valued at approximately $2.1 billion. The transaction has been approved by each party’s authorizing board of directors

Rabobank Names Pasdar Head of NA Markets, CEO of Securities

Nader Pasdar joined food and agribusiness bank Rabobank as head of Markets North America and CEO of Rabobank Securities. The bank also appointed Chris Hartofilis the new head of capital markets in North America.

Rabobank Makes Leadership Changes in Corporate Finance/M&A

Rabobank has named Donald Meltzer, previously global head of Mergers & Acquisitions, chairman of Corporate Finance. Paul Schram, head of M&A, will succeed Meltzer as global head of M&A.