Deutsche Hires Duynstee to Lead Benelux Corporate Finance

Reuters reported that Deutsche Bank hired Maurits Duynstee to lead its corporate finance team in the Benelux region.

ING, Danske, Others Agree to Seadrill Restructuring Plan

Offshore oil rig driller Seadrill entered into a restructuring agreement with more than 97% of its secured bank lenders, approximately 40% of its bondholders and a consortium of investors led by its largest shareholder, Hemen Holding.

ING Agents Medley Capital Facility Downsize

Medley Capital amended its senior secured credit facilities and completed a voluntary partial prepayment of the company’s term loan credit facility.

ING, Others Provide $460MM Facility to Capital Product Partners

Capital Product Partners entered into a new senior secured term loan facility for up to $460 million with ING Bank and HSH Nordbank as mandated lead arrangers and bookrunners.

Barclays, UBS, Others Lead Stada $2.8B Buyout Financing

Reuters reported that Barclays, Nomura and UBS led the leveraged loan financing to support Bain Capital and Cinven’s buyout of German drug maker Stada.

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.