CIT and SMBC Provide $85MM in Debt Financing to NineDot Energy

NineDot Energy, a developer of community-scale clean energy projects, closed on a new $85 million construction-to-term debt facility. Provided by CIT and SMBC, the facility supports the construction and operation of 11 battery storage sites.

December 8, 2022 Carlyle | CIT | David Arfin | Juan Kreutz | Mike Lorusso | NineDot Energy | Pooja Goyal | SMBC Ian Koplin

SMBC Appoints Corteil Chief Credit Risk Officer

SMBC, a member of SMBC Group, appointed Mark Corteil managing director and chief credit risk officer for its Americas division. In this role, Corteil will be responsible for overseeing all aspects of credit risk management in the Americas region.

August 10, 2022 Kim Olson | Mark Corteil | SMBC | Yasuhori Takahasi Ian Koplin

Marathon Capital and SMBC Form Strategic Partnership

Marathon Capital entered into a strategic collaboration agreement with Sumitomo Mitsui Banking Corporation. The parties also have entered into an agreement for a minority equity investment in Marathon Capital. The proceeds will be used to accelerate the firm’s growth and expansion.

June 30, 2022 Hiro Otsuka | Marathon Capital | SMBC | Sumitomo Mitsui Banking Corporation | Ted Brandt Rita Garwood

DNB Leads $1.43B ESG-Linked Revolving Credit Facility for Statkraft

Statkraft signed a five-year, $1.43 billion sustainability-linked syndicated revolving credit facility with two one-year extension options. DNB acted as sustainability coordinator and BNP Paribas acted as documentation agent for the facility. 

April 1, 2022 Anne Harris | Barclays Bank | Danske Bank | DNB | Handelsbanken | Nordea | Santander | SEB | SMBC | Societe Generale | Statkraft | UniCredit Ian Koplin

SMBC Hires Bergen as Head of Private Credit

SMBC hired Thomas Bergen as managing director and head of private credit within its strategic credit products department. In this role, Bergen will be responsible for managing and growing SMBC’s third-party investor strategy.

February 11, 2022 Glenn Autorino | SMBC | Thomas Bergen Ian Koplin

SMBC Closes $915MM in Green Financing for Flood Diversion Construction Project

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.

October 21, 2021 Adam Sherman | Raymond DiPrinzio | Red River Valley Alliance | SMBC Ian Koplin

Monroe Capital Closes $505MM CLO Transaction

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.

September 28, 2021 Jeremy VanDerMeid | Monroe Capital | Raymond James | SMBC Ian Koplin

SMBC Closes Financing to Support Redevelopment of Philadelphia’s 30th Street Station

SMBC closed $246 million in term loans for the lease and redevelopment of Philadelphia’s iconic William H. Gray III 30th Street Train Station.

September 20, 2021 Adam Sherman | Gilbane Building Company | Johnson Controls | Michael Tranter | Plenary Infrastructure Philadelphia | SMBC | Vantage Airport Group Ian Koplin

SMBC Agents $150MM Emerald Energy Revolving Facility Advancing Renewable Energy Projects

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.

July 23, 2021 Alexandra Lewis | Carl Adams | Emerald Energy Venture | National Grid | SMBC Rita Garwood

SMBC Closes $1.1B Sustainability-Linked Credit Facility for Bridgestone

SMBC closed a $1.1 billion sustainability-linked credit facility for Bridgestone Americas, a provider of mobility and tire solutions.

February 5, 2021 Bridgestone Americas | Hiro Hyakutome | Jose Anes | Paolo Ferrari | SMBC Phil Neuffer