Webster Bank and Marathon Asset Management Announce Private Credit Joint Venture [Yahoo! Finance]
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Webster Financial Corporation (WBS)
Last webster financial corporation earnings: 4/21 07:30 am
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
STAMFORD, Conn., July 01, 2024 BUSINESS WIRE )--Webster Financial Corporation, the holding company for Webster Bank, N.A. ("Webster Bank"), a top performing commercial bank with $76 billion in assets, and Marathon Asset Management, L.P. ("Marathon"), a leading global credit manager with $23 billion in assets under management, today announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies. The partnership combines each firm's credit expertise, private equity sponsor relationships and standing in the middle market with Webster Bank's full banking product suite that serves companies primarily in the middle market and Marathon's 26-plus years of experience in asset management. The joint venture will originate directly sourced senior secured loans across various industries in which Webster Bank and Marathon have established track records of investing, with more than 100 employees from both companies
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News
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- Marathon Asset Management and Webster Bank Announce Private Credit Joint Venture [Yahoo! Finance]Yahoo! Finance
- Webster Bank and Marathon Asset Management Announce Private Credit Joint VentureBusiness Wire
- Marathon Asset Management and Webster Bank Announce Private Credit Joint VentureBusiness Wire
WBS
Earnings
- 4/23/24 - Miss
WBS
Sec Filings
- 6/28/24 - Form S-8
- 6/28/24 - Form NT
- 6/5/24 - Form 4
- WBS's page on the SEC website