Wachtell Lipton Rosen & Katz Archives

TIAA to Sell TIAA Bank to New Investors

TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.

Stifel Advises Westrock Coffee’s Business Combination with Riverview Acquisition Corporation

Westrock Coffee Company closed its business combination transaction with Riverview Acquisition Corp. In addition, the company entered into a new credit agreement that includes a $175 million senior secured first lien term loan facility and a $175 million senior secured first lien revolving credit facility.

U.S. Bankruptcy Court Confirms Mallinckrodt’s Plan of Reorganization

The U.S. Bankruptcy Court for the District of Delaware confirmed Mallinckrodt’s plan of reorganization, paving the way for the company to begin the next stage in its reorganization process.

Webster Financial and Sterling Bancorp Complete Merger

Webster Financial and Sterling Bancorp completed their previously announced merger. The combined company is a financial institution with a funding base that includes HSA Bank as well as consumer and commercial banking businesses.

BMO Acquires Bank of the West for $16.3B

BMO Financial Group and its indirect, wholly-owned, Chicago-based subsidiary, BMO Harris Bank, signed a definitive agreement with BNP Paribas to acquire Bank of the West and its subsidiaries for $16.3 billion.

Alpha Latam Management Receives Approval of Sale of Colombian Assets to CFG Partners

Alpha Latam Management received bankruptcy court approval for the proposed sale of the loan portfolio and certain related assets of debtor entities Alpha Capital and Vive Créditos Kusida to CFG Partners Colombia following an auction process.

Independent Bank Corp. and Rockland Trust Complete East Boston Savings Bank Acquisition

Independent Bank Corp., parent of Rockland Trust Company, closed its acquisition of Meridian Bancorp, parent of East Boston Savings Bank.

Washington Prime Group Completes Financial Restructuring, Reduces Debt by Nearly $1B

Washington Prime Group emerged from the Chapter 11 process, signifying the completion of the company’s financial restructuring and the implementation of its plan of reorganization. The company emerged from bankruptcy with its debt reduced by nearly $1 billion.

Columbia State Bank and Umpqua Bank to Combine

Columbia Banking System, the parent company of Columbia State Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, entered into a definitive agreement under which the companies will join together in an all-stock combination.

Washington Prime Group Enters Chapter 11, Secures $100MM in DIP Financing

Washington Prime Group filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Washington Prime Group also secured $100 million in new money debtor-in-possession financing.

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