RBS to Sell North American Loan Portfolio to Mizuho
02.26.15
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The Firm represented The Royal Bank of Scotland Group plc (“RBS”) in its definitive agreement with Mizuho Bank, Ltd. (“Mizuho”), a wholly owned subsidiary of the Mizuho Financial Group, for the sale of its portfolio of U.S. and Canadian loan commitments. The portfolio sold to Mizuho comprises $36.5bn of loan commitments, including $3.2bn of drawn assets, as of December 31, 2014.
The Simpson Thacher team included Brian Chisling and Chi Pan (M&A); Jason Vollbracht (Tax); and David Rubinsky and Aimee Adler (ECEB).