TFC · News · 20260807N

Customer Dynamics

TRUIST FINANCIAL CORP · 2026-08-07 · Importance 13 · Surprise 6

Zenith Industrial Outdoor Storage and J.P. Morgan Asset Management secured a $215 million credit facility from KeyBank and Truist. The financing supports Zenith’s second programmatic joint venture with JPMAM and expansion of its industrial outdoor-storage portfolio. The facility refinances 34 assets, primarily in the Southeast, South Central, and Southwest, which are 99.6% leased.

Key facts

• Truist Bank is party to a $250 million accelerated share repurchase agreement with Teleflex, with the ASR expected to conclude in Q4 2026. source