SMBC closed a $642 million green loan and acted as co-managing underwriter on $273 million of private activity bonds (green bonds) for the construction of the FM Area Diversion Project in the Fargo-Moorhead area in North Dakota and Minnesota.
Monroe Capital closed a $505 million term debt securitization known as Monroe Capital MML CLO XII. The term financing was Monroe’s seventh CLO completed since March 2018 and is secured by a portfolio of middle-market senior secured loans.
SMBC closed $246 million in term loans for the lease and redevelopment of Philadelphia’s iconic William H. Gray III 30th Street Train Station.
Emerald Energy Venture, a joint venture of National Grid, secured a $150 million portfolio revolving facility with an accordion feature up to $250 million. SMBC was lead arranger, bookrunner, green loan coordinator and collateral and administrative agent for the facility.
SMBC closed a $1.1 billion sustainability-linked credit facility for Bridgestone Americas, a provider of mobility and tire solutions.
David Kelly joined SMBC as U.S. chief information officer. Kelly has more than 20 years of experience, having most recently served as CMG’s chief technology officer.
Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart’s Asda, which is valued at £7.3 billion ($9.7 billion).
Southern Missouri Bancorp, the parent corporation of Southern Bank, completed its merger with Southern Missouri Bancshares and its subsidiary, Southern Missouri Bank of Marshfield.