Bladex Agents $131.5MM Facility for Corporación Favorita

Banco Latinoamericano de Comercio Exterior (Bladex) acted as joint lead arranger and administrative agent on a $131.5 million senior acquisition finance bridge facility for Corporación Favorita.

Mining Company Orvana Closes $6.84MM Facility with BBVA, Others

Orvana Minerals closed a €6 million (approximately $6.84 million) credit facility through its wholly-owned subsidiary, OroValle Minerals. The facility was provided by BBVA, BANKIA and SABADELL.

Tradewind Funds $500K Factoring Facility for Spanish Company

Tradewind provided a $500,000 non-recourse export factoring facility to a leading designer, manufacturer and exporter of technical tubes and hoses based in Spain.

WFCF Funds $51.5MM Facility for UK Cake Manufacturer BBF

Wells Fargo Capital Finance provided a new three-year £40 million ($51.5 million) financing facility to BBF, a UK-based manufacturer of own-label, licensed and branded ambient cakes and desserts.

Gordon Brothers Opens Perth Office, Expands Australian Operations

Restructuring and advisory firm Gordon Brothers opened a new office in Perth, Australia. The office will be led by equipment valuation and auction industry veteran, Ben Gibson.

ING, J.P. Morgan, Others Agent $683MM Worldline Revolver

ING Bank and J.P. Morgan Securities, among others, acted as manadated lead arrangers and bookrunners on a €600 million ($683 million), five year revolving credit facility for Worldline.

BBVA Closes First Acquisition Term Loan Arranged Through Blockchain

BBVA closed a €150 million ($171 million) acquisition term loan on behalf of Porsche Holding Salzburg, the first loan of its kind arranged through blockchain technology.

Perion Refinances $25MM Loan Facility with Mizrahi Bank

Mizrahi Tefahot Bank provided a $25 million loan facility to Perion Network, a provider of digital marketing solutions to brands focused on their consumer relationships.

Canadian Solar Closes $69MM Financing with Bancomext, Banco Sabadell

Canadian Solar closed on $69 million in non-recourse project financing provided by Banco Nacional de Comercio Exterior and Banco Sabadell. The financing consisted of a $53.2 million long-term loan, a $5.6 million letter of credit facility and a $10.2 million VAT short-term loan.

Commerzbank Launches Trade Finance Innovation Lab

Commerzbank set up a trade finance innovation lab to develop payment and finance solutions based on new technologies such as distributed ledger technology, smart contracts and the internet of things.