Brex, the modern corporate card and spend management platform for startups and enterprises, closed a two-year, $235 million revolving credit facility. Citi serves as senior lender for the credit facility, joined by TPG Angelo Gordon as a...
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January 14, 2025, 08:01 AM
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DailyPay, a worktech company and provider of earned wage access, has secured an additional $100 million commitment to its secured credit facility capacity from Citi. The additional commitment doubles Citi's commitment from $100 million to $200...
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October 25, 2024, 07:39 AM
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CoreWeave closed a $650 million credit facility, led by JPMorgan Chase, Goldman Sachs, and Morgan Stanley, with participation from Barclays, Citi, Deutsche Bank, Jefferies, Mizuho, MUFG, and Wells Fargo. Proceeds from this revolving credit facility...
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October 14, 2024, 08:12 AM
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Citigroup and Apollo entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to...
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September 27, 2024, 08:15 AM
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Setpoint, a leading infrastructure provider for the credit industry, sucessfully completed its $31 million Series B funding round. 645 Ventures led the round, with significant strategic investments from Citi and Wells Fargo, alongside Andreessen...
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August 14, 2024, 07:44 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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Sunbit closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds. Established in 2016 to transform how consumers access, use and benefit from credit, Sunbit will leverage the funds to meet ever-increasing consumer...
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January 24, 2024, 07:45 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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Ampla, a leading provider of innovative financial solutions for consumer brands, closed a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management. This brings the total capital raised by Ampla to over $600 million...
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December 20, 2023, 08:01 AM
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SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135 million with the potential to grow up to $300 million as SellersFi expands. The senior...
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December 18, 2023, 07:49 AM
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Versana announced that industry veterans Christine Scaffidi and Christopher Fonte have joined the company as Head of Product and Head of Sales, respectively, reporting directly to Cynthia Sachs, Founding CEO. Each brings decades of valuable banking...
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November 09, 2023, 07:35 AM
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Citi as agreed to sell its onshore consumer wealth portfolio in China, including clients, assets under management (AUM) and deposits to HSBC Bank China. HSBC plans to extend offers to in-scope employees supporting Citi's local consumer wealth...
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October 10, 2023, 07:30 AM
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Citi announced significant changes to its organizational model that will fully align its management structure with its business strategy and simplify the bank. The new, flatter structure elevates the leaders of Citi’s five businesses and eliminates...
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September 14, 2023, 08:08 AM
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ChargePoint Holdings, a leading electric vehicle (EV) charging network, entered a new credit agreement which provides for a $150 million revolving credit facility led by JPMorgan Chase Bank as Administrative Agent and Joint Lead Arranger, HSBC...
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July 28, 2023, 07:34 AM
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Social Mobile, a leader in delivering custom enterprise mobility solutions, secured a $35 million senior credit facility from Citi."Social Mobile has never received outside capital to grow its business until now. This credit facility from Citi is a...
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March 30, 2023, 07:53 AM
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Versana announced its plans to launch a leading-edge, industry-backed syndicated loan platform, joining together banks, institutional lenders and their service providers to bring transparency, efficiency and velocity to this $5 trillion...
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March 17, 2022, 07:54 AM
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Nathan Sheets, Ph.D. will be returning to Citi as its new Global Chief Economist, based in New York, overseeing the global Economics team and leading research across all areas of economics.Sheets re-joins Citi from PGIM Fixed Income, where he was...
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August 23, 2021, 07:26 AM
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Devon Energy and WPX Energy announced they have entered into an agreement to combine in an all-stock merger of equals transaction. The strategic combination will create a leading unconventional oil producer in the U.S., with an asset base underpinned...
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September 28, 2020, 08:00 AM
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American Airlines, Inc. and American Airlines Group Inc., American’s parent corporation (AAG), entered into a Credit and Guaranty Agreement, dated as of the Closing Date, among American, as the borrower, AAG, as parent and guarantor, the lenders...
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March 20, 2020, 09:05 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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Tasnim Ghiawadwala has joined Barclays as the new Head of UK Corporate Banking.
Ghiawadwala joins the bank from Citi, where she spent 21 years most recently as Head of Commercial Bank Europe, Middle East and Africa. At Citi, she held a range of...
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November 08, 2018, 07:12 AM
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Ardagh Group S.A. announced that it has successfully closed on a committed five-year asset-based revolving credit facility of $850 million with a consortium of leading banks.The new facility, secured by trade receivables and inventories, replaces...
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December 08, 2017, 07:33 AM
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South African chemicals and energy company Sasol has signed a $3.9 billion five-year Revolving Credit Facility, an increase from its existing $1.5 billion Revolving Credit Facility, extended the maturity to five years, with the inclusion of two...
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November 27, 2017, 08:00 AM
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Trex Company has completed an amendment to its senior secured credit facility. The amended cash flow lending facility, obtained through Bank of America, Citibank, N.A., Capital One, N.A., and SunTrust Bank, is a seasonal facility that provides for a...
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January 14, 2016, 07:14 AM
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Kilowatt Financial, a leading clean energy consumer finance company, today announced that it recently closed a $200 million debt warehouse facility with Citi to finance residential solar power systems for homeowners. The transaction expands Kilowatt...
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April 30, 2015, 07:25 AM
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Millicom announced today that it has successfully completed a revolving credit facility of $500 million for Millicom International Cellular S.A.The facility comprises a $200 million two-year tenor tranche with a one-year extension option, and a $300...
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June 06, 2014, 07:04 AM
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Citi named Richard Banziger as head of Citi Commercial Bank in the U.S. A 30-year veteran of Citi’s Institutional Clients Group, Banziger will lead the bank’s expanding middle-market banking business across the country. He replaces Will Howle, who...
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May 30, 2014, 07:56 AM
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Kilowatt Financial, a leading clean energy consumer finance company, announced that it recently closed a $100 million debt facility from Citi to finance energy efficiency loans for homeowners.With facility proceeds, Kilowatt will enable homeowners...
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January 23, 2014, 08:03 AM
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