United Community Banks to sell equipment financing and reinsurance units for ~$1.9B cash

Filed June 12, 2026 · Period ending June 11, 2026 · ~2 min read

Key Changes

• high

  United Community Bank agreed to sell Navitas Credit Corp. (equipment lease financing) and NLFC Reinsurance Corp. (reinsurance) to Navitas TopCo LLC for approximately $1.9 billion in cash, representing a strategic exit from equipment financing operations.

  Item 1.01 verify on EDGAR →
• high

  Purchase price includes 7.346% premium on first $1.756B of equipment financing assets and 4% premium above that threshold (capped at $2.15B total portfolio), with final price adjusted for $1.7B estimated intercompany loan and transaction costs.

  Item 1.01 verify on EDGAR →
• high

  Transaction expected to close Q3 2026 pending regulatory approvals; buyer's obligation not subject to financing conditions, reducing execution risk. Deal must close by December 11, 2026 or either party can terminate.

  Item 1.01 verify on EDGAR →