Nine Banks Accused of Rigging Canadian Rate Benchmark

Reuters reported that nine banks, including Royal Bank of Canada, Bank of Montreal and the National Bank of Canada, are being sued in the U.S. for conspiring to rig a Canadian rate benchmark.

Deutsche Bank Provides $500MM Term Loan for Mallinckrodt Sucampo Purchase

Mallinckrodt agreed to acquire biopharmaceutical company Sucampo Pharmaceuticals, including its commercial and development assets, for $1.2 billion. The transaction was approved by the boards of directors of both companies.

ING, Others Close $225MM Gerald Group Revolver

GISA Netherlands received commitments from more than 15 banks to close its annual revolving credit facility for the eighth consecutive year. ING Bank led the revolver.

Deutsche Bank Arranges Nyrstar Facility Refinance

Multi-metals business Nyrstar refinanced its existing €500 million ($592.38 million) multi-currency structured commodity trade finance facility due to expire in June 2019 with a one year runoff period starting in June 2018.

BofA Agents $900MM SPX Facility

SPX entered into an amendment of its credit agreement, resulting in a five-year, $900 million credit facility with Bank of America serving as administrative agent.

Deutsche Agents $75MM Cision Amendment

Canyon Valor Companies, a subsidiary of Cision, entered into an incremental facility amendment to its credit agreement. Deutsche Bank AG, New York Branch, served as both administrative and collateral agent.

Citi Agents $850MM Revolver for Ardagh

Ardagh Group closed on a five-year asset-based revolving credit facility of $850 million agented by Citi.

Nomura, Deutsche Bank Arrange GVC $58.89MM Term Loan Increase

GVC Holdings increased the term loan element of its senior secured term and revolving facility by €50 million ($58.89 million). Nomura International and Deutsche Bank AG – London Branch acted as mandated lead arrangers.

Citi, Mizuho Bank Lead Sasol Upsize to $3.9B

Sasol, a South African chemicals and energy company, increased its existing revolving credit facility from $1.5 billion to $3.9 billion.

Barclays Agents $1.35B Refi for B&G Foods

B&G Foods completed the refinancing of its senior secured credit facility, increasing the principal amount of the tranche B term loans by $10 million to approximately $650 million and the aggregate commitments under its revolving credit facility from $500 million to $700 million.