RBC Capital Markets Archives

CIFC Launches Philanthropic Program Linked to CLO Transactions

CIFC Asset Management launched the CLO Initiative for Change, a philanthropic program connected to collateralized loan obligations issued by the firm and dedicated to supporting organizations driving social, economic and/or environmental change.

Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

Barclays, Capital One, J.P. Morgan, RBC, TD & Truist Lead Refinancing for RadNet

Barclays Bank, Capital One, J.P. Morgan Securities, RBC Capital Markets, TD Securities and Truist Securities acted as joint bookrunners and joint lead arrangers for the refinancing of RadNet’s term loan and revolving credit facility.

Wells Fargo-Led Syndicate Extends Blue Racer Midstream’s Revolver

Blue Racer Midstream completed an amendment and restatement of its existing revolving credit facility, providing up to $750 million of borrowing capacity and extending the facility’s maturity date by three years to 2025. Wells Fargo Securities acted as sole bookrunner for the facility.

Ares Pays $1.08B for Landmark Partners

A subsidiary of Ares Management entered into a definitive agreement with a subsidiary of BrightSphere Investment Group and Landmark Investment Holdings to acquire 100% of Landmark Partners. The transaction is valued at $1.08 billion.

RBC Capital Markets Arranges Refinancing for WildBrain

WildBrain completed the refinancing of its senior secured term loan with a $285 million senior secured term loan facility. The company also entered into a $30 million revolving credit facility. RBC Capital Markets acted as sole lead arranger and bookrunner on the refinancing.

March 29, 2021 Eric Ellenbogen | RBC Capital Markets | WildBrain Ian Koplin

City National Bank Launches Corporate Banking Division, Williams to Lead

City National Bank created a new national corporate banking division. Brent Williams, a senior vice president for City National Bank, will lead the new division. Williams also leads the bank’s L.A. Metro commercial banking business unit.

March 5, 2021 Brent Williams | City National Bank | RBC Capital Markets | Rich Raffetto Phil Neuffer

Citi and Goldman Sachs Close Debt Financing for Blackstone’s Acquisition of Interior Logic

Citi and Goldman Sachs provided debt financing for Blackstone’s acquisition of Interior Logic Group.

Oaktree Delivers $200MM Term Loan to Ashford Hospitality Trust

Oaktree Capital Management provided a $200 million senior secured term loan to Ashford Hospitality Trust. The term loan can be upsized by $150 million to an aggregate amount of $350 million.

Apollo and Hudson Acquire Cardtronics in $2.3B Transaction

ATM owner and operator Cardtronics entered into a definitive agreement with funds managed by affiliates of Apollo Global Management and Hudson Executive Capital to be acquired for $35 per share in cash.

Tag Archives: RBC Capital Markets