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.
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.
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.