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.
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.
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.
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).