White Oak Commits $118MM to British Steel

White Oak Asset Finance committed £90 million ($117.529 million) to British Steel. Proceeds from the financing will be used to provide working capital and fuel capital investment projects.

BPM Capital, Others Provide $5MM Facility to Algold

Algold Resources entered into a secured credit agreement for a $5 million short-term loan facility with a consortium of lenders, including BPM Capital, Downtown Special Situations, Delaware Street Capital Master Fund, Saiso Partners and Capital Drilling.

ING Agents $650MM Revolver for MOL

International energy group MOL completed a €555 million ($650 million) revolving credit facility with ING, London branch as agent.

Credit Suisse, HSBC Lead CEVA Logistics Refi

CEVA Logistics launched a proposed refinancing of the majority of its existing debt facilities with the objective of achieving lower interest rates, longer maturities and enhanced liquidity to pursue its strategy. Credit Suisse and HSBC are acting as joint global coordinators across the refinancing.

Rabobank, Santander, Others Support Sainsbury Acquisition of Asda

Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart’s Asda, which is valued at £7.3 billion ($9.7 billion).

Wilmot-Sitwell, Smith Join Perella Weinberg as Partners

Alex Wilmot-Sitwell and Matthew Smith will join Perella Weinberg Partners as partners in the Advisory business in September and August 2018, respectively.

Westpac Amends Bengal Energy Credit Facility

Bengal Energy amended its secured credit facility with the Australia-based Westpac Institutional Bank.

Investec Bank Amends Buffalo Coal Facility

Buffalo Coal’s subsidiary Buffalo Coal Dundee amended its term loan and revolving credit facility with Investec Bank.

DBS Agents MBS Credit Facility Amendment

DBS Bank served as agent, as well as a mandated lead arranger, on an amendment and restatement to a credit facility for Marina Bay Sands (MBS), a subsidiary of Las Vegas Sands.

Bank of Guam Provides $4.2MM Debt Financing to BVR, MRE

A consortium of Buenavista Renewables and Micronesia Renewable Energy signed a $4.2 million loan agreement with Bank of Guam for the construction of the Latte Stone Solar 1 portfolio of distributed generation PV solar facilities