JPMorgan Upsizes Sprouts Market Facility to $700MM

Sprouts Farmers Market amended its credit agreement, increasing the company’s total commitments to $700 million. JPMorgan served as administrative agent on the transaction, while Bank of America served as syndication agent.

ABN AMRO, Deutsche, Others Lead Action $2.9B Refi

Reuters reported Dutch-based retailer Action needs to refinance exisiting debt and pay out a dividend to shareholders, which has caused it to initiate a €2.4 billion ($2.9 billion) leveraged loan.

Citi Agents $850MM Revolver for Ardagh

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

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.

ABN AMRO, ING, Others Lead Gunvor $1.39B Revolver

Gunvor has signed a $1.39 billion revolving credit facility with a group of lenders. ABN AMRO Bank, Credit Agricole, Credit Suisse DBS Bank, ING Bank, Natixis, Rabobank, Société Générale Corporate & Investment Banking, UBS Switzerland and UniCredit Bank were mandated to arrange the facility.

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.

Rabobank Supports Pilgrim’s Pride’s Moy Park Acquisition

Pilgrim’s Pride acquired Moy Park, a European poultry and prepared foods supplier, from JBS in a $1.3 billion transaction. Rabobank agented a credit agreement used to support the acquisition.

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.

Rabobank Appoints Castle U.S. President and Chief Banking Officer

Julie Castle was named president and chief banking officer of Rabobank America, a $14-billion, nationally chartered bank and unit of global financial services provider Rabobank Group.

Rabobank Agents $225MM A-Mark Facility Renewal

A-Mark Precious Metals renewed its $225 million syndicated line of credit with a $50 million accordion feature led by Rabobank as administrative agent.