United Community Banks completes sale of Navitas equipment finance business to Wafra for $2 billion cash

Reuters2026/09/01 20:30

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United Community Banks completed the sale of its Navitas equipment finance business to funds managed by Wafra for about USD 2 billion cash.
Assets sold include Navitas Credit Corp. and NLFC Reinsurance Corp., transferred via Navitas TopCo.
Price implied a 7% premium to the par value of Navitas’ loan portfolio.
Deal sharpens focus on Southeastern relationship banking, boosting liquidity and capital while reducing risk.
BofA Securities advised United; Squire Patton Boggs served as legal counsel.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Community Banks Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609011630PRIMZONEFULLFEED9819495) on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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United Community Banks completes sale of Navitas equipment finance business to Wafra for $2 billion cash

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