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 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.

Zenith Energy Pulls M&A Loan From Syndication

Reuters reported midstream company Zenith Energy US Logistics Holdings has pulled the plug on a $450 million leveraged loan due to lack of interest from investors.

Citi Agents $850MM Revolver for Ardagh

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

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, HSBC, Others Upsize Hut Group Facility to $677MM

The Hut Group, a British health and beauty e-tailer has increased its credit facility from £345 million ($454 million) to £515 million ($677 million) credit facility with a group of banks that includes Barclays, HSBC and Silicon Valley Bank, Sky News reported.

BofA, HSBC Lead Oxea $1B Plus Refi

Oxea, a global manufacturer of oxo chemicals, closed a €900 million ($1.06 billion) equivalent first lien term loan. The company also entered into a new and significantly upsized €137.5 million ($162 million) six-year revolving credit facility.

Credit Suisse, Others Arrange $1.4B Repricing for Platform Specialty

Platform Specialty Products successfully completed the repricing of its existing term loan tranches, totaling $1.4 billion. Credit Suisse, HSBC and Deutsche Bank acted as joint lead arrangers for the transaction.

J.P. Morgan Leads Financing to Support Refresco Cott Buy

Netherlands-based bottler Refresco will acquire Cott’s bottling activities for $1.25 billion. Reuters reported J.P. Morgan led the financing to support the transaction.

BofA Upsizes Novanta Revolver to $325MM

Novanta increased its revolving credit facility from $225 million to $325 million. Bank of America was administrative agent for the transaction.