Bloomberg reported that Citigroup named Shane Azzara as sucessor to Shapleigh Smith as head of asset-based and transitional finance. According to the Bloomberg report, Azzara has worked at Citi for nearly 30 years and was promoted to managing...
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April 12, 2024, 08:00 AM
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Viswas (“Vis”) Raghavan will join Citi as Head of Banking and Executive Vice Chair of Citi, reporting to Citi Chief Executive Officer Jane Frazer, according to a Note to Colleagues posted on the Citi website. Fraser stated the following in a letter...
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February 27, 2024, 08:04 AM
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Citi and LuminArx Capital announced the launch of Cinergy, a strategic financing vehicle in the rapidly growing private lending market. Launched by LuminArx Capital, Cinergy will offer a broad range of private credit solutions to companies, including...
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January 19, 2024, 08:00 AM
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Bank of America, Citigroup, JPMorgan Chase and Wells Fargo announced they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY-Mellon...
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March 17, 2023, 07:58 AM
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Citigroup Inc. announced that, as part of its continued efforts to reduce its operations and exposure in Russia, it will wind down its consumer banking and local commercial banking operations in the country. As part of the wind-down, Citi will also...
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August 26, 2022, 08:00 AM
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Citi announced that Jane Fraser has been named as President of Citi, a role that has been open since earlier this year. She will also replace Stephen Bird as CEO of Global Consumer Banking. Bird is leaving Citi to pursue an opportunity outside the...
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October 25, 2019, 09:15 AM
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Taking issue with a judge's ruling against the company in a dispute with bondholders, a defiant Windstream Holdings, Inc. announced that it and all of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S....
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February 26, 2019, 08:28 AM
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Dun & Bradstreet, a global provider of commercial data, analytics and insights for businesses, announced that it has entered into a definitive merger agreement to be acquired by an investor group led by CC Capital, Cannae Holdings and funds...
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August 09, 2018, 08:01 AM
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Industrial Logistics Properties Trust announced that the syndication of its $750 million unsecured revolving credit facility has closed.
The maturity date of the credit facility is December 29, 2021, with the option to extend the maturity date for...
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March 20, 2018, 07:24 AM
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Claire's Stores, Inc. announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company's balance sheet and position Claire's for long-term success pursuant to a chapter 11 reorganization...
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March 19, 2018, 08:00 AM
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Navistar International Corporation announced that it has completed the refinancing of Navistar, Inc.'s existing approximately $1.0 billion senior secured term loan which was due to mature in August 2020 with a new $1.6 billion senior secured term...
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November 07, 2017, 07:25 AM
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Capital markets net revenues were down for all five U.S. global trading and universal banks (GTUBs) in the second quarter, both sequentially and year over year (YOY), following a generally strong start to the year, according to Fitch Ratings in its...
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September 14, 2017, 07:11 AM
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Rackspace announced that it signed an agreement to acquire Datapipe, one of the world's leading providers of managed services across public and private clouds, managed hosting and colocation. This acquisition, the largest in Rackspace history, brings...
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September 12, 2017, 07:42 AM
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Capital One announced that it recently committed $125 million and served as joint lead arranger and joint documentation agent in a $1.1 billion first mortgage to finance the Blackstone Group’s acquisition of 17 life science and medical office...
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July 07, 2016, 07:36 AM
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Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced that Joel Foote will join the firm as a senior managing director in the Energy group. Foote will focus on advising companies in the oil & gas...
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June 08, 2016, 07:24 AM
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Peabody Energy Corporation announced that first day motions to help facilitate continued operations in the ordinary course of business while the company operates under Chapter 11 protection were approved by Judge Barry S. Schermer of the U.S....
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April 15, 2016, 07:38 AM
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Taking a major step to strengthen liquidity and reduce debt amid an unprecedented industry downturn, Peabody Energy Corporation voluntarily filed petitions under Chapter 11 for the majority of its U.S. entities in the United States Bankruptcy Court...
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April 13, 2016, 08:02 AM
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Alpha Natural Resources, Inc. and certain of its wholly-owned subsidiaries filed voluntary petitions today with the United States Bankruptcy Court for the Eastern District of Virginia in Richmond to reorganize under Chapter 11 of the U.S. Bankruptcy...
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August 04, 2015, 08:07 AM
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Sirius XM Holdings Inc. announced that its subsidiary, Sirius XM Radio Inc., has entered into an amendment to its existing senior secured revolving credit facility with a syndicate of banks and other financial institutions to increase total...
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June 17, 2015, 07:53 AM
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Marcelo E. Sarago recently joined White Oak Global Advisors, LLC as Director of Originations. Based in the New York office, he will be responsible for originating and underwriting new investment opportunities for White Oak's private debt funds. He...
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November 25, 2014, 07:58 AM
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Citigroup announced that it has reached an agreement to settle the ongoing investigation of the Residential Mortgage-Backed Securities (RMBS) Working Group, part of the Financial Fraud Enforcement Task Force. The agreement resolves actual and...
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July 15, 2014, 07:08 AM
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Riverstone Holdings LLC, a leading energy and power-focused private equity firm, announced it has hired a highly experienced team of energy-focused leveraged finance professionals who will spearhead the firm's expansion into credit and capital...
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July 11, 2014, 07:33 AM
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Amalgamated Bank announced Mark Minter has been named chief credit risk officer. Minter has over four decades of experience in finance, including executive-level risk positions at RBS Citizens Financial Group, Inc., and Citigroup.“We are delighted to...
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July 10, 2014, 07:34 AM
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CIT Group Inc. has appointed William Douglass Group Head and Managing Director of CIT Corporate Finance, Healthcare, effective immediately. He previously served as Underwriting Manager for the Group where he was responsible for overseeing the...
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March 25, 2014, 07:46 AM
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CIT Group Inc.announced that Ellen R. Alemany has been named to CIT’s Board of Directors effective immediately. She will serve as a member of CIT’s Audit Committee.Alemany is the former Head of The Royal Bank of Scotland (RBS) Americas, the...
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January 22, 2014, 07:27 AM
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Philippines-based fruit juice manufacturer Del Monte Pacific Limited released details on a $1.28 billion credit backing its $1.675 billion acquisition of the Del Monte Foods consumer food business, sources told Thomson Reuters LPC.
Reuters reported...
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November 08, 2013, 07:29 AM
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Foresight Energy LLC announced it completed a $1.55 billion financing including a $500 million secured revolving credit facility due August 2018, a $450 million secured term B loan due August 2020 and a private offering of $600 million aggregate...
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August 26, 2013, 07:24 AM
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Bloomberg reports Revlon Inc., the cosmetics maker controlled by financier Ronald Perelman, obtained $1.52 billion of loans to support its $660 million acquisition of beauty-care company, The Colomer Group.
Citigroup Inc. is arranging the financing...
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August 06, 2013, 08:02 AM
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NRG Yield, a subsidiary of NRG Energy, Inc., has closed its previously announced initial public offering of 19.575 million shares of its Class A common stock at a price of $22.00 per share. In connection with the initial public offering, the...
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July 23, 2013, 07:17 AM
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Pacific Drilling S.A. announced the closing of three financing transactions totaling $2 billion. The transactions included an offering of $750 million in 5.375% senior secured notes due 2020, a $750 million senior secured term loan with 2018 maturity...
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June 05, 2013, 07:19 AM
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Gardner Denver Inc., an industrial equipment maker, obtained $3.4 billion of debt financing to back its leveraged buyout by KKR & Co.
The company is getting a $1.8 billion term loan, $525 million of bank debt that can be drawn in euros, a $400...
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March 11, 2013, 07:11 AM
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Bloomberg reported the biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years.
The reports cites data compiled by Credit Suisse Group AG which shows the average...
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February 21, 2013, 08:04 AM
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After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.Bank of America...
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October 08, 2012, 08:00 AM
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Triumph Commercial Finance, a member of the Triumph Bancorp, Inc. group and provider of asset based lending, accounts receivable financing (factoring) and equipment finance solutions to small and mid-sized businesses nationwide, today announced the...
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September 20, 2012, 08:00 AM
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