MUFG Bank

Vesper Energy Closes $590 Million in Financing for its Hornet Solar Project

Retrieved on: 
Wednesday, January 31, 2024
Partnership, PTC, MUFG, Growth, Head, Capital, Associated Banc-Corp, Bayerische Landesbank, Inflation, Letter, MUFG Bank, Investment, Renewable energy

DALLAS, Jan. 31, 2024 /PRNewswire/ -- Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, today announced the closing of financing for its Hornet Solar project. The asset will deliver renewable energy to communities throughout Texas, provide grid stability, and mitigate price volatility in ERCOT. The successful close showcases Vesper Energy's financial strength, continued growth, and momentum entering 2024. This is another step in Vesper Energy's mission to develop, construct, and operate clean energy projects across the United States.  

Key Points: 
  • Texas site is one of nation's largest single-phase solar projects, will monetize more than $500 million of
    DALLAS, Jan. 31, 2024 /PRNewswire/ -- Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, today announced the closing of financing for its Hornet Solar project.
  • "Closing project financing and a long-term purchase agreement for the PTCs on a large project in west Texas is complex," said Vesper Energy's Chief Financial Officer Robert Scheuermann.
  • Vesper secured a $590 million debt financing package for the Hornet Solar project, consisting of a construction-to-term loan and letter of credit facility.
  • "Financing critically important energy transition projects such as Hornet Solar reflects Nord/LB's commitment to supporting Vesper Energy in the growing and maturing renewable energy sector," said Nicolai Dillow, Managing Director / Head of Originations at Nord/LB.

WillScot Mobile Mini to Acquire McGrath RentCorp for $3.8 Billion, Enhancing Its Position as the North American Leader in Turnkey Space Solutions

Retrieved on: 
Monday, January 29, 2024
JPMorgan Chase, Deutsche Bank, FLEX, MUFG Bank, Transaction, ABL, Adjustment, Bank, History, Bank of Montreal, BofA Securities, Economics, Cold storage, Rothschild & Co, Goldman Sachs, Morrison & Foerster, Conference, Acquisition, Wells Fargo, Bank of America, Webcast, Chase Bank, IRC, Combined, Growth

The acquisition will enhance WillScot Mobile Mini’s position as a North American leader in turnkey space solutions with a complementary geographic footprint and a more diversified platform, providing enhanced value across key customer segments.

Key Points: 
  • The acquisition will enhance WillScot Mobile Mini’s position as a North American leader in turnkey space solutions with a complementary geographic footprint and a more diversified platform, providing enhanced value across key customer segments.
  • This complements WillScot Mobile Mini’s broad North American footprint and 80-year history as an innovative space solutions provider.
  • “I’m excited to welcome the McGrath team to the WillScot Mobile Mini family,” said Brad Soultz, Chief Executive Officer of WillScot Mobile Mini.
  • BofA Securities served as financial advisor, Rothschild & Co served as financing advisor and Allen & Overy LLP acted as legal counsel to WillScot Mobile Mini.

NextDecade Announces $50 Million Senior Secured Revolving Credit Facility and $12.5 Million Interest Term Loan

Retrieved on: 
Thursday, January 4, 2024
Other Energy, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, FID, FEED, EPC, Credit, LNG, Line of credit, MUFG Bank, Bank

NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that its wholly owned subsidiary, NextDecade LNG, LLC, has entered into a credit agreement with MUFG Bank, Ltd. as lender and administrative agent that provides for a $50 million senior secured revolving credit facility (the “Revolving Credit Facility”) and a $12.5 million interest term loan (the “Interest Term Loan”).

Key Points: 
  • NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that its wholly owned subsidiary, NextDecade LNG, LLC, has entered into a credit agreement with MUFG Bank, Ltd. as lender and administrative agent that provides for a $50 million senior secured revolving credit facility (the “Revolving Credit Facility”) and a $12.5 million interest term loan (the “Interest Term Loan”).
  • Borrowings under the Revolving Credit Facility may be utilized for general corporate purposes, including development costs related to Train 4 at the Rio Grande LNG facility.
  • Borrowings under the Interest Term Loan may be utilized to pay interest expense, fees, and other expenses related to the Revolving Credit Facility.
  • Borrowings under the Revolving Credit Facility and Interest Term Loan will bear interest at SOFR or the base rate plus an applicable margin as defined in the credit agreement.

Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History

Retrieved on: 
Wednesday, December 27, 2023
Commercial Building & Real Estate, Utilities, Construction & Property, Sustainability, Environment, Alternative Energy, Energy, Building Systems, Slate, Quanta, EPC, Royal Bank of Canada, Intesa Sanpaolo, Banco Santander, Investment, Scotiabank, CPP Investment Board, Santander Bank, Multimedia, CoBank, Electricity, General Electric, Royal Bank, Snell, Investment banking, Pattern Energy, KfW IPEX-Bank, Letter, Lincoln, Carbon, History, CPP, BNP Paribas, S.A, Principal, Riverstone Holdings, Société Générale, Bank of America, HVDC, Wells Fargo, KV, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria, Transmission, Bank, Export Development Canada, KFW, MUFG Bank, Sumitomo Mitsui Trust Holdings, ACB, National bank, National Bank of Canada, Desjardins Group, Security (finance)

Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.
  • “Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future,” said Hunter Armistead, CEO of Pattern Energy.
  • “We are very grateful to all of our financial partners who are backing SunZia as part of this record-setting project financing.
  • SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority (RETA) on the development of the transmission project in New Mexico.

Digi International Enters into New Senior Secured Credit Facility

Retrieved on: 
Monday, December 11, 2023
Software, Networks, Internet, Hardware, Data Management, Technology, IOT (Internet of Things), Mobile, Wireless, EBITDA, Internet of things, SOFR, Bank, CFO, Digi, Public expenditure, MUFG Bank, GAAP, Bank of America, Term, Borrowing base, Security (finance)

Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced it has entered into a new senior secured credit facility.

Key Points: 
  • Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced it has entered into a new senior secured credit facility.
  • The new bank debt provides Digi a $250 million senior secured revolving credit facility with an accordion feature that provides for additional borrowing capacity of the greater of $95 million or one hundred percent of trailing twelve month adjusted EBITDA.
  • Digi estimates this will save approximately $4 million in interest payments over the first year of the facility.
  • The reduced interest due under the new credit facility is anticipated to generate positive net cash flow in fiscal 2024.

Adani Green accomplishes its Construction Financing Framework at USD 3 billion

Retrieved on: 
Tuesday, December 5, 2023
Finance, Alternative Energy, Energy, Professional Services, Utilities, Party, Climate change, COP28, Construction, MUFG Bank, Sustainable Development Goals, SDG, USD, Partner, Documentation, Société Générale, Plain Green Loans, Conference, BNP Paribas, Sustainalytics, Adani Green Energy, Latham & Watkins, Sumitomo Mitsui Banking Corporation, Linklaters, MD, Intesa Sanpaolo, Standard Chartered, Renewable energy, Bank, Khavda, Head

Adani Green Energy Ltd (AGEL), India’s largest and world’s leading renewable energy player announced follow-on funding of USD 1.36 billion (Bn) to further boost its Construction Financing Framework to USD 3 Bn backed by a consortium of renowned international banks.

Key Points: 
  • Adani Green Energy Ltd (AGEL), India’s largest and world’s leading renewable energy player announced follow-on funding of USD 1.36 billion (Bn) to further boost its Construction Financing Framework to USD 3 Bn backed by a consortium of renowned international banks.
  • The definitive agreements have been executed with 8 leading international banks, which are all returning lenders and instrumental in establishing AGEL’s Construction Financing Framework since March 2021.
  • Mr Amit Singh, CEO, Adani Green Energy Ltd, said, “We believe, Construction Financing Framework is an essential element of our development agenda and supports our unwavering commitment to build a sustainable future.
  • We are incredibly proud to put forward the framework for our portfolio companies where in we have raised sustainable financing solutions for Adani Green, Adani Energy Solution to support the delivery of critical infrastructure projects.

Six One Commodities Successfully Expands and Renews Revolving Credit Facility

Retrieved on: 
Tuesday, November 28, 2023
Banking, Professional Services, Finance, Facility, Todeschini, 61C, MUFG Bank, HSBC Bank USA, Société Générale, Investment banking, Financial management, Valley Bank, HSBC Bank, Wells Fargo, Renewable energy

Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).

Key Points: 
  • Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).
  • The Facility includes a $300 million accordion feature, bringing total capital available to $1 billion.
  • Benjamin Sutton, 61C’s CEO, commented: “This refinancing, achieved amidst a challenging credit environment, underscores our lending partners' confidence in 61C's performance and growth potential.
  • “Their commitment, particularly within a tight credit market, is testament to 61C's robust financial management and strategic vision.

MUFG Bank, Ltd. announces Consolidated Summary Report  [under Japanese GAAP] for the six months ended September 30, 2023

Retrieved on: 
Tuesday, November 14, 2023
Banking, Professional Services, Finance, Full Disclosure (book), Annual report, Disclosure, Magazine, Consolidated, GAAP, MUFG Bank, Mitsubishi Group, MUFG, Mitsubishi UFJ Financial Group, Cryptocurrency

(C) Average outstanding of total stocks:

Key Points: 
  • (C) Average outstanding of total stocks:
    Six months ended September 30, 2023
    Six months ended September 30, 2022
    *This “Consolidated Summary Report” (Quarterly “Tanshin”) is outside the scope of the external auditor’s interim audit procedure.
  • The financial information included in this financial summary report is prepared and presented in accordance with accounting principles generally accepted in Japan (“Japanese GAAP”).
  • Above is part of the Consolidated Summary Report of Mitsubishi UFJ Financial Group, Inc. under Japanese GAAP for the six months ended September 30, 2023.
  • Mitsubishi UFJ Financial Group (MUFG) makes available financial reports and highlights of MUFG group companies including those of MUFG Bank, Ltd.

Say Hi to Docufai: The New Generative AI Tool Delivering Instant Answers from Your Documents

Retrieved on: 
Tuesday, November 14, 2023
Apps, Applications, Technology, Other Technology, Business, Professional Services, Software, Data Analytics, Data Management, Artificial Intelligence, Internal Revenue Service, Policy, Average revenue per user, Language, Hallucination, Coca-Cola, WarnerMedia, MUFG Bank, Product management, Artificial intelligence, Intelligence, IRS, Software as a service, AI, LLM, Online shopping, Ripcord

Docufai, a new generative AI tool that enables users to get instant answers from their documents, launched in beta today at docufai.com .

Key Points: 
  • Docufai, a new generative AI tool that enables users to get instant answers from their documents, launched in beta today at docufai.com .
  • From day one, Docufai users can expect enterprise-grade security and scalability while maintaining full ownership and control over their data.
  • Users can view automatic summaries and ask natural language questions about their documents, receive instant answers, and gain insights with AI.
  • Say hi to Docufai , the first product to bring together the best aspects of document intelligence, content management, and conversational AI into a single cloud-based SaaS offering.

Epoch Garage+ Launches Its 2023 Open House for Must-See Startups in Taiwan

Retrieved on: 
Thursday, November 30, 2023
Ministry, MediaTek, Computex, Mitsui Chemicals, Toyo Keizai, UAV, Bank, Economy, Mizuho Bank, Mitsubishi Corporation, Commercial bank, MUFG Bank, Delta, National Development Council, Sumitomo Corporation, Blockchain, House, XR, USD, ABB, IPS, Wistron, Automation, Polychlorinated biphenyl, Mitsubishi Group, Exhibition, Pegatron, Frost, Health, AI, GHG, Realtek, Robotics, ESG, Medical device, Video game, Pharmaceutical industry, Quanta

TAIPEI, Taiwan, Nov. 30, 2023 /PRNewswire/ -- Garage+, a leading, zero-equity startup incubator supported by the Epoch Foundation, is launching its 2023 Open House in Taipei, Taiwan on December 6th. 35 must-see global startups are exhibiting, offering revolutionary technologies across sectors including AI, enterprise, energy, ESG, healthcare, supply chain, and manufacturing.

Key Points: 
  • TAIPEI, Taiwan, Nov. 30, 2023 /PRNewswire/ -- Garage+, a leading, zero-equity startup incubator supported by the Epoch Foundation, is launching its 2023 Open House in Taipei, Taiwan on December 6th.
  • 35 must-see global startups are exhibiting, offering revolutionary technologies across sectors including AI, enterprise, energy, ESG, healthcare, supply chain, and manufacturing.
  • Startups from around the world have a remarkable opportunity awaiting them in Taiwan.
  • Supported by Taiwan's National Development Council ( www.ndc.gov.tw ), the Startup Global Program, 2023 Open House event will include companies from Taiwan, Japan, South Korea, India, Canada, the USA, the UK, Netherlands, Estonia, and Israel.