Citibank, MUFG, Others Close Zain Group $700 million Refi

Middle Eastern telecom provider Zain Group closed a $700 million, five-year revolving credit facility with a syndicate of regional and international banks.

GE, CIT, Others Provide $1.3B Facility for Advanced Power

Advanced Power secured $1.3 billion in financing to build South Field Energy, a 1.18GW combined-cycle natural gas electric generating facility in Columbiana County, OH.

MUFG, Others Arrange $14.36B Senior Loan for SoftBank

SoftBank entered into a senior loan agreement in the amount of ¥1.6 trillion ($14.361 billion). The loan will mature in September 2024.

BofA Agents $1.3BB Facility for Covanta

Covanta Holdings closed two new $1.3 billion credit facilities: a $900 million revolving credit facility and a $400 million term loan. The refinancing is an increase of $100 million over its previous facilities.

Citibank, BNP Paribas Agent $3.5B CCI Facilities

Castleton Commodities International closed two credit facilities totaling $3.525 billion, including a committed borrowing base facility and a committed revolver. BNP Paribas and Citibank acted as administrative agents on the facilities.

BNP Paribas Agents $2.1B Freepoint Revolver

Freepoint Commodities closed a $2.1 billion revolving bank facility. BNP Paribas served as administrative agent on the transaction.

Wells Fargo Agents $800MM Owens Corning Revolver

Wells Fargo acted as administrative agent, swingline lender and issuing lender on a new $800 million revolving credit facility for Owens Corning. The revolver replaces the company’s previous credit agreement.

Credit Suisse Agents New $1B Facility for Calpine

Calpine closed a new $1 billion first lien term loan facility maturing in January 2025. Credit Suisse served as administrative agent for the transaction.

Rabobank Agents $875MM Facility for Gunvor USA

Gunvor USA, a subsidiary of Gunvor Group, successfully closed the syndication of its $875 million borrowing base credit facility. Rabobank served as administrative agent and active bookrunner.

JPMorgan Agents $188MM Upsize for Avis Budget Group

Avis Budget Group amended its senior credit facility, including a $188 million increase in its outstanding term loans and a three-year extension of the maturity date of a portion its existing term loans.