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News Stories (94 Results) - Citibank

Nabors Industries closed, on June 17, 2024, an amendment and restatement of its secured credit facility. The new $475 million facility is comprised of $350 million for revolving credit and $125 million for letters of credit. The facility matures on... Read Story
June 20, 2024, 06:00 AM

Lumine Group, a global acquirer of communications and media software companies, entered into a revolving credit facility agreement with a syndicate of Canadian and US financial institutions to provide long-term financing to support the Company’s... Read Story
March 21, 2024, 07:37 AM

Allison Transmission announced that, on March 13, 2024, its wholly owned subsidiary, Allison Transmission, Inc. (the “Borrower”), entered into a fourth amendment to its credit agreement (the “Amendment”).Pursuant to the Amendment, the Borrower... Read Story
March 19, 2024, 07:49 AM

Progress, a provider of infrastructure software, entered into a Fourth Amended and Restated Credit Agreement, which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured... Read Story
March 08, 2024, 08:00 AM

Aircastle amended and extended all of its existing revolving credit facilities, which increases the aggregate capacity to $2.1 billion and extends the maturity dates of these facilities to 2027 and 2028.Aircastle closed a $1 billion senior, unsecured... Read Story
February 16, 2024, 06:00 AM

FLEETCOR Technologies, a global business payments company, successfully closed on an amendment to its pro rata Term Loan A and Revolver A credit facilities. The transaction was leverage neutral and results in a $600 million increase in the Company’s... Read Story
February 09, 2024, 08:02 AM

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... Read Story
January 19, 2024, 08:00 AM

Harmonic entered into a new five-year, $160 million committed credit agreement (the "Credit Facility") with a lending syndicate led and arranged by Citibank, co-led by JPMorgan Chase Bank and Wells Fargo Securities, and includes HSBC and MUFG as... Read Story
December 22, 2023, 07:21 AM

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... Read Story
September 14, 2023, 08:08 AM

The Liberty Company Insurance Brokers (Liberty), one of America’s fastest-growing privately held insurance brokerages, completed a $340 million refinancing transaction on July 31, 2023. The offering was well received by the banking community and was... Read Story
August 18, 2023, 07:35 AM

High Ridge Aviation – the strategic commercial aviation finance platform – announced a seven-year senior secured warehouse facility with an initial committed amount of $500 million. Citi and Deutsche Bank Securities Inc. acted as Co-Structuring... Read Story
July 18, 2023, 07:30 AM

Service Properties Trust entered into a new $650 million secured revolving credit facility. The maturity date of the new facility is June 29, 2027, and includes two six-month extensions at the borrower’s option. Interest paid on drawings under the... Read Story
July 07, 2023, 07:55 AM

First Solar announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. J.P. Morgan Chase Bank... Read Story
July 07, 2023, 07:53 AM

Hannon Armstrong Sustainable Infrastructure Capital (HASI), a leading investor in climate solutions, amended its revolving credit facility effective immediately, increasing the committed line under the revolving credit facility by $240 million to... Read Story
June 02, 2023, 08:00 AM

Embraer closed a US$200 million credit facility to finance purchases from direct suppliers in the United States. This financing is being provided by Citibank and guaranteed by the Export-Import Bank of the United States (EXIM), the country’s official... Read Story
March 09, 2023, 07:45 AM

Steward Health Care System announced the completion of the extension of their ABL agreement with its lenders, through December 2023. Led by Citibank as Administrative Agent, the new agreement amends and restates in its entirety Steward’s previous... Read Story
December 27, 2022, 07:33 AM

Altus Power closed on a revolving credit facility which provides the company with up to $200 million in financing to support its growth of assets and ability to serve additional customers with solar energy generation, storage and vehicle charging.... Read Story
December 21, 2022, 07:03 AM

Dynasty Financial Partners closed a $50 million revolving credit facility with Royal Bank of Canada (RBC) acting as sole Administrative Agent, and UMB Bank and J.P. Morgan joining RBC as Joint Lead Arrangers and Joint Book Runners. Citibank as well... Read Story
September 29, 2022, 07:33 AM

Hersha Hospitality Trust, owner of luxury and lifestyle hotels in coastal gateway and resort markets, announced the Company closed on the refinancing of a $500 million Senior Secured Credit Facility and the closing of the first tranche of six of the... Read Story
August 05, 2022, 07:35 AM

Alcoa Corporation has amended and restated its existing revolving credit facility into a $1.25 billion revolving credit facility with improved terms, including the addition of sustainability-linked metrics. JPMorgan Chase acted as the administrative... Read Story
June 30, 2022, 07:39 AM

Castleton Commodities International LLC (CCI) closed a $2.2 billion borrowing base facility consisting of a $1 billion 1.5-year tranche and a $1.2 billion 2-year tranche. The facility also includes a $1 billion accordion, which remains available to... Read Story
June 13, 2022, 06:00 AM

INDUS Realty Trust, a U.S. based industrial/logistics REIT, amended and restated its Credit Agreement, dated August 5, 2021, to increase the size to $250 million with the addition of a new $150 million delayed draw term loan with a term of five years... Read Story
April 26, 2022, 07:19 AM

On March 31, 2022, Eneti, Inc. signed its previously announced five year $175.0 million multicurrency credit facility (the “Credit Facility”) from DNB Capital LLC, Societe Generale, Citibank, Credit Agricole Corporate and Investment Bank and Credit... Read Story
April 04, 2022, 07:19 AM

Sabre Corporation refinanced a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering certain interest, fees and expenses. The... Read Story
March 10, 2022, 07:27 AM

Voyager Aviation Holdings, a global full-service aircraft asset lessor and manager, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million.Citibank, N.A. (“Citi”) acted as Global... Read Story
February 28, 2022, 07:45 AM

Fluor Corporation increased its credit facility to $1.8 billion and extended the maturity to February 2025. This facility includes an ESG-linked pricing option, which provides the opportunity to further lower the Company’s overall borrowing costs.... Read Story
February 22, 2022, 07:46 AM

Progress entered into an amended secured credit facility in the aggregate amount of $575 million, including a $275 million senior secured term loan and a $300 million revolving line of credit. The credit facility may be incrementally expanded by an... Read Story
January 28, 2022, 07:55 AM

Nabors Industries closed a secured $350 million revolving credit facility maturing on January 21, 2026. The new credit facility replaces the Company's 2018 Revolving Credit Facility, which would have matured on October 11, 2023. Institutions... Read Story
January 24, 2022, 07:46 AM

Alpha Metallurgical Resources refinanced its Asset-Based Revolving Credit Facility, which was previously set to expire in April 2022. The new $155 million facility will mature in December 2024 and includes $125 million committed availability for... Read Story
December 07, 2021, 07:42 AM

Eastman Chemical Company announced amendments to and extension of its $1.5 billion five-year unsecured revolving credit facility (the “Credit Agreement”). The amendments include extension of the term of the existing $1.5 billion unsecured revolving... Read Story
December 06, 2021, 07:41 AM

NMI Holdings, the parent of National Mortgage Insurance Corporation (National MI), amended its senior secured revolving credit facility, expanding the lender group, increasing the revolving capacity to $250 million, and extending the maturity from... Read Story
December 01, 2021, 07:35 AM

Digital Realty, the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, amended, extended, and upsized its existing global revolving credit facility from $2.35 billion to $3.0 billion. Pricing... Read Story
November 22, 2021, 07:45 AM

Lear Corporation, a global automotive technology leader in Seating and E-Systems, entered into an agreement to refinance its existing credit facility. The amended and restated credit agreement extends the maturity of its revolving credit facility to... Read Story
November 01, 2021, 08:00 AM

TransPerfect, the world's largest provider of language and technology solutions for global business, refinanced its existing credit facility with a new $500 million credit facility (consisting of a $250 million term loan and a $250 million revolving... Read Story
September 03, 2021, 07:40 AM

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... Read Story
August 23, 2021, 07:26 AM

Saks OFF 5TH closed on a syndicated $125 million asset-based five-year revolving credit facility jointly arranged by Citibank and Citizens and a $20 million term loan arranged by Callodine Commercial Finance.Luke Coffey, Chief Financial Officer, Saks... Read Story
August 10, 2021, 07:30 AM

INDUS Realty Trust announced INDUS, as parent guarantor, INDUS RT, LP, as borrower, and certain subsidiaries of INDUS RT, LP as guarantors, have entered into a secured revolving credit facility of up to $100 million, replacing both the Company’s... Read Story
August 06, 2021, 07:34 AM

Enviva Partners amended and restated its senior secured revolving credit facility. The transaction closed on April 16, 2021. Barclays is Administrative Agent and Collateral Agent on the Amended & Restated Credit Facility and, together with Bank of... Read Story
April 20, 2021, 07:15 AM

SmartStop Self Storage REIT entered into a multi-currency credit facility of up to $500 million with a syndicate of banks led by KeyBank National Association, Wells Fargo, N.A., Citibank, N.A. and Bank of Montreal. The facility consists of a $250... Read Story
March 18, 2021, 07:30 AM

STAG Industrial increased the capacity of the Company's unsecured credit facility to $750 million and refinanced $300 million of term loan debt. The Company exercised the accordion option of its unsecured credit facility capacity and increased its... Read Story
February 09, 2021, 07:00 AM

Kimbell Royalty Partners, LP, a Delaware limited partnership (the “Partnership”), entered into Amendment No. 2 (the “Second Amendment”) to the Partnership’s existing Credit Agreement, dated as of January 11, 2017 (as amended by that certain Amendment... Read Story
December 14, 2020, 08:45 AM

Honeywell International Inc. entered into a 364-Day Credit Agreement with the banks, financial institutions and other institutional lenders party thereto, Citibank, N.A. (“Citibank”), as administrative agent, and JPMorgan Chase Bank, N.A., as... Read Story
April 13, 2020, 09:25 AM

Comtech Telecommunications Corp. and Gilat Satellite Networks Ltd. jointly announced that Comtech has agreed to acquire Gilat in a cash and stock transaction for $10.25 per Gilat ordinary share of which 70% will be paid in cash and 30% in Comtech... Read Story
January 29, 2020, 08:55 AM

KB Home announced it has completed an amendment to its revolving credit facility, increasing the borrowing capacity to $800 million from $500 million and extending the maturity date to October 2023 from July 2021. The borrowing capacity can be... Read Story
October 09, 2019, 08:39 AM

Hewlett Packard Enterprise has obtained a five-year $4.75 billion revolving credit facility with JPMorgan Chase Bank and Citibank N.A. as co-administrative agents.According to a report from CRN, the credit facility was unrelated to a recent... Read Story
August 21, 2019, 08:00 AM

Weatherford International plc, Weatherford  International Ltd. and Weatherford International, LLC, one of the largest multinational oilfield  service companies providing innovative solutions, technology and services to  the oil and gas industry... Read Story
July 08, 2019, 08:50 AM

Gardner Denver Holdings, Inc. announced that on June 28, 2019, it entered into an amendment to its existing credit agreement that extended, increased and repriced the borrowing capacity under its revolving credit facility.The amendment refinances the... Read Story
July 02, 2019, 08:40 AM

The Boeing Company entered into a $1.5 billion, short term credit agreement with Citibank, N.A., JPMorgan Chase Bank, N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers and joint book managers, JPMorgan and Bank of... Read Story
May 01, 2019, 09:10 AM

Vanguard Natural Resources announced that the company has voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.The company has obtained a... Read Story
April 02, 2019, 09:00 AM

Xylem Inc., a leading global water technology company dedicated to solving the world’s most challenging water issues, has announced execution of its new $800 million Senior Unsecured Revolving Credit Facility. With this transaction, Xylem has... Read Story
March 05, 2019, 10:03 AM

MiraMed Global Services (MiraMed), a provider of healthcare revenue cycle management (RCM) services and business process outsourcing (BPO) solutions, announced it has completed a new five-year, $75 million syndicated senior secured credit facility.... Read Story
August 21, 2018, 07:15 AM

Transocean Ltd. announced that Transocean Inc. closed a $1 billion, five-year, senior secured revolving credit facility, with Transocean Ltd. and certain of its subsidiaries as guarantors thereunder. The new RCF includes an accordion feature that... Read Story
June 28, 2018, 07:12 AM

Citibank, N.A. (Chicago) announced Joseph Lehrer has been named Senior Vice President for the Bank’s Asset Based Finance group. In this capacity Lehrer is responsible for Citi Commercial Bank’s Asset Based Finance presence in the Midwest.  He is... Read Story
October 18, 2017, 07:18 AM

Endeavour Mining announced that it has refinanced its previous Revolving Credit Facility (RCF) on improved terms and upsized it to $500 million from $350 million, thereby providing significant headroom to fund its growth projects. Sébastien de... Read Story
September 20, 2017, 07:15 AM

Teva Pharmaceutical Industries Ltd., announced amendments to its USD and JPY term loan and revolving credit facilities, providing Teva greater flexibility in its financial leverage ratio covenants. The amended leverage ratio covenants in the credit... Read Story
September 20, 2017, 07:10 AM

Otkritie Capital announced Alina Sychova has joined the firm as Head of Debt and Equity Capital Markets. This is a new area for the company – its further development will make the Russian and international capital markets accessible for clients and... Read Story
August 16, 2017, 08:00 AM

Lear Corporation, a global supplier of automotive seating and electrical systems, announced that it has entered into a new credit agreement to refinance its existing credit facilities. The new credit agreement consists of a $1.75 billion revolving... Read Story
August 09, 2017, 07:20 AM

KB Home announced it completed an amendment to its unsecured revolving credit facility to increase the borrowing availability to $500 million from $275 million, with a $250 million letter of credit sublimit, and extend the maturity date to July 2021... Read Story
August 01, 2017, 07:23 AM

People’s United Bank announced that Michael J. Reilly has joined People’s United Business Capital (PUBCAP) as Senior Vice President, responsible for new business originations in the Connecticut, Westchester and Long Island regions. Reilly will be... Read Story
July 28, 2017, 07:10 AM

The Trade Desk, Inc., a provider of a global technology platform for buyers of advertising, announced that it has entered into a $200 million, 5-year senior secured credit facility. Citibank N.A., acted as lead arranger and administrative agent, with... Read Story
May 11, 2017, 07:18 AM

ONEOK, Inc. announced a new $2.5 billion, five-year senior unsecured revolving credit facility, to replace the existing ONEOK and ONEOK Partners, L.P. credit facilities. The new facility will be available upon the completion of the previously... Read Story
April 19, 2017, 07:16 AM

IAMGOLD Corporation announced that, as of today, the commitments from a syndicate of lenders to its existing revolving credit facility total $250 million. The syndicate, led by National Bank of Canada and Deutsche Bank, included Citibank, N.A.... Read Story
February 08, 2017, 07:00 AM

Millicom International Cellular S.A announced that it has entered into a five-year $600 million revolving credit facility with a group of international and regional banks.The successful syndication, which targeted new banks as well as existing... Read Story
January 30, 2017, 07:50 AM

Telecom provider Avaya Inc. announced that it has commenced a formal proceeding to restructure its balance sheet to better position itself for the future. To facilitate this restructuring, the Company filed voluntary petitions under chapter 11 of the... Read Story
January 20, 2017, 08:05 AM

Sterling National Bank announced Robert W. Koar, has joined as senior managing director.  He will lead a team of relationship managers dedicated to providing commercial banking services to middle-market companies in New Jersey.  The addition of Koar... Read Story
July 22, 2016, 07:55 AM

According to an 8-K SEC filing, Baker Hughes entered into a new credit agreement among the company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, Citibank, N.A., as syndication agent, and other agents and lenders. Other agents and... Read Story
July 15, 2016, 07:11 AM

Nortek, Inc, a global diversified industrial company with leading brands and innovative air management and technology-driven solutions for residential and commercial applications, has successfully completed amendments to its asset-based revolving... Read Story
May 11, 2016, 08:01 AM

The New Home Company Inc. announced that it amended and restated its senior unsecured revolving credit facility. In connection with the amended and restated agreement, the company increased the total commitment from $200 million to $260 million and... Read Story
May 11, 2016, 07:27 AM

The Trade Desk, Inc., a global technology platform for buyers of advertising, announced details today regarding a $125 million revolving credit facility secured through a lending syndicate led by Citibank, N.A. The transaction closed at the end of... Read Story
May 10, 2016, 07:56 AM

VOXX International Corporation has successfully completed the refinancing of its global revolving credit facility. The company has entered into an amended and restated $140.0 million facility, with a $15.0 million sublimit for letters of credit, and... Read Story
April 29, 2016, 07:54 AM

PNC Bank, N.A. announced the addition of three experienced bankers to the senior secured financing team: Eugene Leary, senior vice president; James Clifton, senior vice president; and Nathan Love, vice president. All will be responsible for business... Read Story
March 29, 2016, 07:54 AM

Gener8 Maritime, Inc., a leading U.S.-based provider of international seaborne crude oil transportation services, announced that it has entered into a senior secured credit facility for up to $259.6 million of debt financing for its Chinese VLCC... Read Story
December 07, 2015, 07:52 AM

KeyBanc Capital Markets announced the expansion of its Corporate Banking Group in California. Gerry Barredo joined the bank as Managing Director and Head of the California Corporate Banking Region, based in San Francisco. In addition, Jojo Kochaphum... Read Story
August 04, 2015, 08:03 AM

Lonestar Resources, Ltd. announced the closing of a new $500 million senior secured credit facility, which replaces its previous $400 million facility.Lonestar's new facility was arranged by Citibank, N.A., and importantly, features an expanded... Read Story
July 29, 2015, 07:29 AM

NewStar Financial Inc., an internally-managed commercial finance company, announced that it has formed a new financing subsidiary, NewStar Warehouse Funding I, which has entered into a $175 million revolving warehouse financing arrangement with... Read Story
May 13, 2015, 07:59 AM

Harsco Corporation has successfully entered into an amendment of its five-year credit agreement from 2012 that increases the company's access to funds and, after completing the refinancing of the Company's October 2015 Senior Notes, will extend the... Read Story
March 31, 2015, 07:24 AM

Fifth Street Senior Floating Rate Corp., an affiliate of Fifth Street Asset Management Inc., announced the closing of a $175 million senior secured revolving credit facility with Citibank, N.A. The facility has a three-year reinvestment period and a... Read Story
January 21, 2015, 07:52 AM

Equinix, Inc., the global interconnection and data center company, announced the closing of its $1.5 billion five-year senior secured credit facility with a syndicate of eleven financial institutions. The senior credit facility consists of a $1.0... Read Story
December 19, 2014, 07:18 AM

Capital One Bank announced that it has appointed Richard Levenson to the newly-created role of Senior Vice President of Portfolio Management in Capital One’s Commercial & Specialty Finance Group. Levenson is based in New York and will be responsible... Read Story
November 06, 2014, 07:23 AM

TICC Capital Corp. announced TICC Funding, a special purpose vehicle and wholly-owned subsidiary of TICC Capital Corp., entered into a revolving credit facility with Citibank, N.A. The company also announced that it used part of the proceeds from the... Read Story
October 29, 2014, 07:07 AM

American Midstream Partners, LP announced today the execution of an amended and restated credit facility to increase the borrowing capacity to $500 million, with the option to further increase the borrowing capacity to $700 million, and to extend the... Read Story
September 09, 2014, 07:03 AM

PBF Energy Inc. announced that its subsidiary, PBF Holding Company LLC, has amended and restated its and its subsidiaries’ revolving credit agreement. Commitments under the facility have increased from $1.6 billion to $2.5 billion, with an accordion... Read Story
August 18, 2014, 08:04 AM

Olin Corporation announced has entered into new $415 million five-year senior credit facilities consisting of a revolving credit facility that replaces its $265 million senior revolving credit facility and a delayed-draw term loan facility that will... Read Story
June 26, 2014, 07:14 AM

TD Bank has named Elana Reiter as Vice President, Senior Lender in New York City. She is responsible for working with middle market companies throughout the NY Metro area to create customized banking solutions, including structuring loans to help... Read Story
April 24, 2014, 06:54 AM

Citibank announced the appointment of Thierry Jenar as Market President for Silicon Valley, CA. Jenar will collaborate with Citi teams across the Silicon Valley area as well as community stakeholders, businesses, civic organizations and government... Read Story
April 01, 2014, 07:16 AM

Kayne Anderson Energy Development Company (the "Company" or "KED") announced today that it renewed its secured revolving credit facility (the "Credit Facility") and increased the total commitment amount from $95 million to $120 million by adding... Read Story
January 30, 2014, 07:51 AM

Lannett Company, Inc. has established a new, five-year $50 million revolving credit facility with a syndicate of two lenders, Citibank, N.A., as administrative agent, and PNC Bank, National Association. Lannett expects to use the credit facility for... Read Story
December 20, 2013, 07:13 AM

Triangle Petroleum Corporation announced  that Caliber Midstream Partners, L.P., its midstream joint venture with First Reserve's Energy Infrastructure Fund , has closed on a senior secured revolving credit facility in the amount of $200 million.The... Read Story
December 19, 2013, 11:37 AM

M.D.C. Holdings, Inc. entered into a new five-year $450 million unsecured revolving credit facility.  The new facility permits an increase in the maximum commitment amount to as much as $1 billion, subject to receipt of additional commitments from... Read Story
December 17, 2013, 07:29 AM

Patriot Coal Corporation announced that its debtor-in-possession financing has been extended to December 31, 2013. In a previous release from Jul. 2012, the company announced that the Bankruptcy Court for the Southern District of New York granted... Read Story
September 12, 2013, 07:12 AM

CenterPoint Energy, Inc. amended the three revolving bank credit facilities of the parent and its wholly-owned subsidiaries, CenterPoint Energy Houston Electric, LLC (CEHE) and CenterPoint Energy Resources Corp. (CERC).The amendments extend the... Read Story
September 11, 2013, 07:02 AM

Boulder Brands, Inc. closed on a new senior secured credit facility. The new $330 million secured credit facility consists of a $250 million seven-year term loan and an $80 million five-year revolving credit facility. The proceeds will be used to... Read Story
July 11, 2013, 08:07 AM

Revlon, Inc. announced its operating subsidiary, Revlon Consumer Products Corporation (RCPC) successfully consummated an amendment to its Third Amended and Restated Term Loan Agreement, dated as of May 19, 2011, among RCPC, as borrower, a syndicate... Read Story
February 22, 2013, 07:09 AM

Diodes Incorporatedsecured a five-year $300 million revolving senior credit facility. Bank of America acted as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Inc. served as sole lead arranger and sole book runner. The credit facility... Read Story
January 09, 2013, 07:16 AM