Sumitomo Mitsui Banking Corporation hired Paul Burke to lead the firm’s newly created capital solutions group. With more than 20 years of industry experience, Burke joined SMBC from Morgan Stanley where he spent more than 12 years working in both New York and London.
Primergy Solar, a developer, owner and operator of utility-scale solar and storage projects, closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, AR.
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.
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.
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.