U.S. Bank Archives - ABFJournal

Fields-Elizalde Joins US Bank’s Asset-Based Finance Division as VP

Benjamin Fields-Elizalde joined U.S. Bank’s asset-based finance division as vice president. Fields-Elizalde will lead efforts to provide asset-based credit solutions for businesses across Arizona, Colorado, Idaho, Montana, New Mexico, Nevada, Utah and Wyoming.

June 16, 2022 Benjamin Fields-Elizalde | Sam Philbrick | U.S. Bank Ian Koplin

US Bank and LiquidX Form Collaborative Agreement

U.S. Bank entered into a collaboration agreement with trade finance fintech LiquidX to help expedite and simplify supply chain transactions between suppliers and buyers.

May 11, 2022 Dan Son | Jim Toffey | LiquidX | U.S. Bank Ian Koplin

Regions Bank-Led Consortium Provides $1.5B Sustainability-Linked Revolver to Protective Life

Protective Life Corporation and its principal subsidiary, Protective Life Insurance, closed a five-year, $1.5 billion sustainability-linked revolving credit facility, which replaces its current $1 billion revolving credit facility. Regions Bank is the administrative agent for the facility.

US Bank Enters $15MM Revolving Credit Agreement with The Swiss Helvetia Fund

The Swiss Helvetia Fund, a non-diversified registered closed-end investment company, entered into a secured credit agreement with U.S. Bank that provides the fund with up to $15 million of funding on a revolving basis, subject to a limit of 10% of the fund’s available assets.

April 4, 2022 The Swiss Helvetia Fund | U.S. Bank Ian Koplin

Group 1 Automotive Completes $2B Revolving Credit Facility with 21 Financial Institutions

Group 1 Automotive completed a $2 billion five-year revolving syndicated credit facility with 21 financial institutions, including U.S. Bank, Bank of America and JPMorgan Chase.

Stampfel and Rubin Join US Bank’s Asset-Based Finance Team as SVPs

U.S. Bank hired Daniel Stampfel and Mitch Rubin as senior vice presidents of its asset-based finance division. The hires are part of a strategy for the broader U.S. Bank commercial banking team to continue its expansion in Texas and across the country to better serve middle-market clients.

January 28, 2022 Daniel Stampfel | Mitch Rubin | Samuel Philbrick | U.S. Bank Ian Koplin

BMO Upsizes AssetMark’s Credit Facility to $500MM

AssetMark Financial entered into an amended and restated credit agreement that provides for a $500 million senior secured credit facility. Bank of Montreal is the administrative agent and sustainability coordinator for the facility.

BofA and MUFG Lead $1.4B Revolving Credit Facility for Ryder

Ryder executed a five-year, $1.4 billion global revolving credit facility, which includes 11 global institutions and will expire on Dec. 14, 2026. BofA Securities and MUFG Bank acted as joint bookrunners and joint lead arrangers for the facility.

BNP Paribas-Led Group Refinances $1.75B Sustainability-Linked Revolver for Bunge

Bunge closed on the refinancing of its $1.75 billion, three-year revolving credit facility. BNP Paribas, Credit Agricole, ING Bank, Natixis and Sumitomo Mitsui Banking Corporation served as active bookrunners, mandated lead arrangers and coordinators on the transaction.

RBC-Led Syndicate Provides $500MM Term Loan to Installed Building Products

Installed Building Products closed a seven-year, $500 million term loan with RBC Capital Markets, BofA Securities and Goldman Sachs Bank. Royal Bank of Canada will serve as term administrative agent and term collateral agent for the new term loan.

Tag Archives: U.S. Bank