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.

BofA Renews Chicago Merchandise Xchange $7B Multi-Currency Facility

Chicago Mercantile Exchange renewed its 364-day multi-currency credit facility with Bank of America as administrative agent.

Wells Fargo Agents Big 5 Amendment to Extend Maturity Date

Big 5 amended its credit agreement with Wells Fargo serving as administrative agent, collateral agent and swing line lender. The amendment extends the maturity date to 2022.

Fitch Downgrades Wells Fargo Bank’s LT/IDR to AA-

Fitch Ratings downgraded the long- and short-term issuer default ratings of Wells Fargo & Company to A+/F1 from AA-/F1+. Fitch also downgraded the LT IDR of Wells Fargo Bank to AA-.

Wells Fargo, BofA Agent New Facilities for Tronox Totaling $2B

Tronox closed a $1.5 billion first lien term loan credit facility and a $500 million asset-based revolving syndicated facility. Wells Fargo was administrative agent for the ABL, and Bank of America was administrative agent for the term loan.

Wells Fargo Supports NCS Multistage Acquisition of Spectrum Tracer

NCS Multistage Holdings acquired Spectrum Tracer Services. The transaction was supported by a $25 million increase to NCS’s credit facility with Wells Fargo as agent.

Goldman Sachs Leads $1.225B in Big River Steel Financing

Big River Steel closed on $1.225 billion in financing, including a senior secured term loan, an asset-based lending facility and senior secured notes. Goldman Sachs served as administrative agent for facilities.

Wells Fargo Agents Ulta Beauty $50MM Upsize

Ulta Beauty amended its loan agreement with Wells Fargo as administrative agent, extending the maturity to August 23,2022 and increasing the revolving credit facility by $50 million.

Wells Fargo, Prudential Provide $170MM Facility to MGP Ingredients

MGP Ingredients completed a new $150 million revolving credit facility with Wells Fargo Bank and also entered into a $20 million term loan with Prudential Capital Group.

Wells Fargo Agents $925MM Facility for Ingevity

Ingevity acquired Georgia-Pacific’s pine chemicals business for a cash purchase price of $315 million. Wells Fargo served as administrative agent for a $925 million credit facility to support the purchase.