ING Hires Mulkere to Lead Grain Lending Group

ING hired former BBVA Compass executive Eanna Mulkere as a director to focus on food and agriculture lending.

ING Upsizes Barry Callebaut Facility to $839MM

Swiss chocolate maker Barry Callebaut increased its credit facility from €600 million ($671 million) to €750 million ($839 million). The facility is linked to the company’s sustainability rating, which increased to 72. ING Bank is the sustainability coordinator of the facility.

BofA Merrill Lynch, Others Support Element Materials Exova Buy

UK-based Element Materials agreed to a cash acquisition of Exova Group.
HSBC, Bank of America Merrill Lynch, ING and Barclays have arranged and fully underwritten the $1.5 billion equivalent financing.

ING Leads New $1.09B Sustainable Revolver for Royal Philips

Royal Philips signed an agreement with a consortium of 16 banks for a new €1 billion ($1.09 billion) revolving credit facility with an interest rate that will be dependent on the company’s year-on-year sustainability performance improvement.

ING Leads $115MM Financing for Vicentin

ING, the Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking closed a $115 million, five-year pre-export financing to Vicentin, one of Argentina’s largest agriculture exporters.

Morgan Stanley Leads Gateway Casinos Refi

Gateway Casinos completed the refinancing of its existing debt and secured a new capital structure. Morgan Stanley led a syndicate of banks that provided the financing.

RBS, Wells Fargo, Others Provide $364MM Faroe Facilities

Independent oil company Faroe Petroleum signed two banking facilities that will provide financing to underpin the company’s growth plans.

DBS Agents $800MM Facility for Micron Technology

Micron Technology closed an $800 million term loan with DBS Bank acting as facility agent and security agent. Proceeds of loans will be used by MSA Capital II to buy certain equipment from Micron Singapore.

ING Agents $214MM Facility for Navigators Group

The Navigators Group entered into a credit facility for an aggregate amount of sum of $140 million and £60 million ($74 million). ING was administrative agent.

J.P. Morgan, Others Arrange $8B Vitol Facility

Vitol executed $8 billion in revolving credit facilities with a syndicate of 55 banks.