Morgan Stanley Related Content

United Community Banks Merges with Reliant Bancorp, Transaction Valued at $517MM

United Community Banks and Reliant Bancorp executed a definitive merger agreement pursuant to which United will acquire Reliant and its wholly-owned subsidiary, Reliant Bank, in an all-stock transaction with an aggregate value of approximately $517 million. read more

F.N.B. Corporation and Howard Bancorp Merge, Transaction Valued at $418MM

F.N.B. Corporation and Howard Bancorp signed a definitive merger agreement for FNB to acquire Howard, including its wholly-owned banking subsidiary, Howard Bank, in an all-stock transaction valued at approximately $418 million. read more

SKY Leasing Closes $663MM Secured Notes Offering

SKY Leasing, an aircraft leasing company, closed an issuance of $663 million of secured notes by SLAM 2021-1 Limited and SLAM 2021-1 LLC (SLAM). SLAM expects to use a portion of the proceeds of the notes to acquire a portfolio of aircraft valued at approximately $885 million. read more

Women, BIPOC Employees Significantly Trail in Equity Compensation at Private Companies

According to a report from Morgan Stanley, 41% of women reported participation in equity compensation plans compared with 52% of men. In addition, 12% of BIPOC employees reported participation in equity compensation programs compared with 42% of white employees.  read more

Global Jet Capital Completes Fifth ABS Offering, Raises $663MM

Global Jet Capital, a global provider of financial solutions for business aircraft, closed its BJETS 2021-1 securitization, raising approximately $663 million. BJETS 2021-1 is Global Jet Capital’s fifth ABS offering. read more

Baker Hughes and Akastor Form Joint Venture Company for Offshore Drilling Equipment

Baker Hughes and Akastor created a joint venture company that will bring together Baker Hughes’ subsea drilling systems business with Akastor’s wholly-owned subsidiary, MHWirth. The joint venture will deliver offshore drilling equipment. read more

AerCap Prices $1B Aggregate Principal Amount of Senior Notes

AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, which are each wholly-owned subsidiaries of AerCap, priced their offering of senior notes, consisting of $1 billion aggregate principal amount of 1.75% senior notes due 2026. 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

First Citizens and CIT to Merge

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets. read more

CNH Industrial Capital Closes $500MM Notes Offering

CNH Industrial’s wholly owned subsidiary, CNH Industrial Capital, completed its previously announced offering of $500 million in aggregate principal amount of 1.875% notes due 2026, with an issue price of 99.761%. read more

CNH Industrial Capital Prices $500MM Notes

CNH Industrial’s wholly owned subsidiary, CNH Industrial Capital, priced $500 million in aggregate principal amount of 1.875% notes due 2026, with an issue price of 99.761%. read more

Reuters: Air Medical Borrows $2.2B for AMR Acquisition

Reuters reported that Air Medical Group, a U.S. medical helicopter operator and KKR portfolio company, plans to take on $2.185 billion of additional debt to complete its purchase of American Medical Response. read more

Economic Forecasts No Longer Considering Trump’s Infrastructure Plans

Bloomberg reported that despite increased fanfare surrounding President Donald Trump’s infrastructure proposal, economists are not expecting any real boost from that sector for the next couple of years. read more

Reuters: Morgan Stanley Expects U.S. Rate Hike in March

Reuters reported that economists from Morgan Stanley are predicting a U.S. interest rate hike of a quarter point in the next two weeks. read more

Avolon Adds Five Banks to Support CIT Aircraft Leasing Buy

Avolon placed $2.975 billion with five banks: Barclays, JPMorgan Chase, BNP Paribas, Credit Agricole and SunTrust Bank to support its purcahse of CIT's commercial aircraft leasing business. read more

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