Merrill Lynch Related Content

MUFG Names Cronin Regional Executive, President and CEO in Americas Region

Mitsubishi UFJ Financial Group appointed Kevin P. Cronin regional executive of the Americas at MUFG and MUFG Bank (its primary banking subsidiary) and president and CEO of MUFG Americas Holdings Corporation and MUFG Union Bank. read more

Former U.S. Congressman Ford Jr. Joins PNC Corporate and Institutional Banking

Harold Ford Jr. assumed the role of vice chairman of corporate and institutional banking (C&IB), reporting to Michael Lyons, head of C&IB, at PNC Financial Services Group. Ford has more than 25 years of political and financial experience, serving in Congress from 1997 through 2007. read more

Stonebriar to Close Fifth Securitization Transaction for $650 Million

Stonebriar Commercial Finance has allocated all bonds, confirmed pricing and is set to close its fifth commercial equipment asset-backed securitization, SCFET 2019-1, a $650 million ABS issuance. read more

SEC Charges Merrill Lynch for Failure to Supervise RMBS Traders

The SEC announced Merrill Lynch will pay more than $15 million to settle charges that tis employees misled customers into overpaying for Residential Mortgage Backed Securities. read more

Cat Financial Floats $2 Billion of Medium Term Notes

According to recent SEC filings, Cat Financial has issued a series of fixed and floating rate medium term notes totaling $2 billion. read more

Citi Supports Grubhub Acquisition of Eat24

Grubhub closed its previously announced acquisition of Eat24. Citibank served as administrative agent for a credit facility consisting of a $225 million revolver, a $125 million term loan and $20 million of swing line loans. read more

Goldman Sachs, Others Support Amazon $13.7B Whole Foods Buy

Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt. Goldman Sachs, Goldman Sachs Lending Partners, Merrill Lynch and Bank of America, have committed to provide a 364-day bridge term loan facility to support the transaction. read more

Wells Agents Revolver for Popeyes Before Sale to Burger King

On February 15, Popeyes Louisiana Kitchen amended its credit agreement with Wells Fargo as administrative agent, providing a $150 million revolver expansion. On February 21, Restaurant Brands International, the parent company of Burger King, purchased Popeyes for $1.8 billion. read more

Merrill Lynch to Pay $415MM for Misusing Customer Cash

The SEC said Merrill Lynch agreed to pay $415 million and admit wrongdoing to settle charges it misused customer cash to generate profits for the firm and failed to safeguard customer securities from the claims of its creditors. read more

Citigroup, Merrill Lynch Lead $600MM Revolver for GATX

GATX closed a $600 million revolving credit facility available for a term running through May 26, 2021. Citigroup Global Markets and Merrill Lynch, Pierce, Fenner & Smith served as joint lead arrangers and joint bookrunners. read more

Willis Lease Expands Revolving Credit Facility Up to $1B

Willis Lease Finance expanded its $700 million revolving credit facility by over 40% to $1 billion, which includes a $110 million accordion feature. read more

Suit Claims 22 Banks Manipulated Treasury Securities

In a complaint filed in the U.S. District Court in New York on Thursday, 22 banks were accused of manipulating the market for Treasury securities. read more

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