Commerzbank Launches Trade Finance Innovation Lab

Commerzbank set up a trade finance innovation lab to develop payment and finance solutions based on new technologies such as distributed ledger technology, smart contracts and the internet of things.

Danish Ship Finance Closes $40MM Term Loan for Pacific Basin

Pacific Basin Shipping, a global dry bulk shipping company, closed a $40 million 7-year term loan facility with Danish Ship Finance.

Westpac Amends Bengal Energy Credit Facility

Bengal Energy amended its secured credit facility with Australia-based Westpac Institutional Bank. The amendment includes a 14 month deferral of all principal payments on the facility.

SMTB Arranges $296MM Term Loan for KEMET Subsidiary

TOKIN, a Japanese subsidiary of KEMET, entered into a new ¥33 billion (approximately $296 million) term loan with Sumitomo Mitsui Trust Bank as sole lead arranger. KEMET also concurrently amended its revolver with Bank of America.

Credit Suisse, ING Others Arrange BB Energy $245MM Revolver

Trading company BB Energy raised a $245 million revolving credit facility to refinance existing credit and for general corporate purposes.

Business Capital Provides Credit Facility to JUCY Group

Business Capital delivered financing to New Zealand-based car rental company JUCY Group. The new credit facility will fund JUCY’s strategic expansion plan, beginning with the purchase of additional vehicles.

Scotiabank, Mizuho to Provide $665MM LoC to Ecopetrol

Ecopetrol plans to sign a contingent line of credit for $665 million with Scotiabank ($430 million) and Mizuho Bank ($235 million) as part of its integral debt management strategy.

Deutsche, Others Upsize Ferrexpo Facility to $400MM

Ferrexpo increased its 2017 Pre-Export Finance credit facility from $195 million to $400 million and extended the tenor from three years to four years. Deutsche Bank and BNP Paribas arranged the transaction.

Goldman Sachs Leads $706.9MM Term Loans for Telenet

Telenet Group Holding successfully issued and priced an additional $475 million term loan, as wells as a €205 million term loan ($231.946 million).

Nordea, SEB to Provide $184MM Facility to Scorpio Bulkers

Scorpio Bulkers received a commitment from Nordea, New York branch, and Skandinaviska Enskilda Banken for a loan facility of up to $184 million.