Tag Archives: U.S. Bank

U.S. Bank Names Sakstrup Chief Product Officer for Wealth, Corporate, Commercial & Institutional Banking

U.S. Bank named Kai Sakstrup chief product officer for its wealth, corporate, commercial and institutional banking (WCIB) division. Beginning Oct. 1, Sakstrup will lead a cross-functional team in developing and creating new products across the WCIB organization to better serve wealth and institutional clients, commercial businesses and corporations.

Bank of America Amends and Extends Cleveland-Cliffs’ ABL Facility

Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.