MUFG Union Bank enters $1 billion term loan at Libor plus 103 bps

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – MUFG Union Bank, NA entered into a $1 billion credit agreement with the Bank of Tokyo-Mitsubishi UFJ, Ltd. on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The loan bears interest at Libor plus 103 basis points, payable monthly.

It matures on Jan. 2, 2018.

MUFG may prepay the loan in an amount of at least $500,000 on or after Dec. 1.

MUFG Union Bank is a subsidiary of New York-based financial services company MUFG Americas Holdings Corp. Bank of Tokyo-Mitsubishi UFJ is the parent company of MUFG Americas Holdings.

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