$UCB (UNITED COMMUNITY BANKS) — 8-K: United closes $2.0 billion sale of Navitas equipment finance business to Wafra

United Community Banks completed the sale of Navitas Credit Corp. and NLFC Reinsurance Corp. to funds managed by Wafra Inc. for approximately $2.0 billion in cash. The transaction reflects a 7% premium to the par value of Navitas’ loan portfolio. United said the sale sharpens its focus on core Southeastern relationship banking while enhancing liquidity and capital strength.

United Community Banks completed the sale of Navitas Credit Corp. and NLFC Reinsurance Corp. to funds managed by Wafra Inc. for approximately $2.0 billion in cash. The transaction reflects a 7% premium to the par value of Navitas’ loan portfolio. United said the sale sharpens its focus on core Southeastern relationship banking while enhancing liquidity and capital strength.