Citigroup Global, Others Arrange Nearly $2.98B Revolver for SAP

Global software developer SAP signed a new €2.5 billion ($2.97395 billion) credit facility agreement, refinancing a previous credit facility of €2.0 billion ($2.37916 billion) that would have expired in 2020.

JPMorgan Agents $3B Facilities to Support Adient Spin-off

Adient Global closed a $1.5 billion term loan A and a $1.5 billion revolving credit facility. The net proceeds are intended to be used to make approximately $3 billion in cash tranfers to Johnson Controls in connection with its spin-off.

Bloomberg: Siemens Begins Syndication of $3B Credit Line

Bloomberg reported that Siemens AG is seeking a $3 billion credit line from lenders. The five-year loan is being arranged by Commerzbank AG, Deutsche Bank AG and JPMorgan Chase & Co.