Wilmington Trust, a wholly-owned subsidiary of M&T Bank, agreed to sell its Collective Investment Trust (CIT) business to Madison Dearborn Partners, a private equity firm based in Chicago.
Wilmington Trust, provider of corporate, institutional and global capital market services, added five new team members to the CLO division – Ann Cung, Jeremy Edmiston, Jack Lindsay, Ana Perkovic and Wolf Thiele.
Wilmington Trust added Stephanie Li, Rafael Miranda, Amedeo Morreale, Kevin Pennant and Bobby Reyes to its project finance agency services business within its global capital markets unit.
According to Wilmington Trust’s 2022 capital markets forecast, in the new year, economic risks like labor shortages and supply chain disruptions will normalize, inflation will decelerate and smart technology investments will provide long-term value for businesses.
Wilmington Trust, a provider of corporate and institutional trust services, added Fiona Boger as head of its M&A shareholder representative business, a new product offering from the company. In this role, Boger will be responsible for the development, strategy and day-to-day management of the business.
Wilmington Trust named Abby Mrozinski head of global capital markets, effective April 1. Mrozinski, who has served as CFO for the company for the last four years, will be taking over for Wilmington Trust’s longtime head of global capital markets, Jack Beeson, who recently announced his retirement.
Wilmington Trust and certain lenders entered into a new secured credit agreement with KLDiscovery to provide revolving credit loans in an aggregate principal amount of $40 million.
Weatherford terminated its ABL agreement with Wells Fargo, according to an 8K, which noted that Wilmington Trust agented the issuance of $500 million of senior secured notes and Deutsche Bank agented an increase to Weatherford’s letter of credit agreement.
Wilmington Trust expanded its loan agency services business, hiring Medita Vucic as head of U.S. Agency Loan Services and Antony Girling as senior relationship manager in London.