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.
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 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.
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 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 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.
Pacific Basin Shipping, a global dry bulk shipping company, closed a $40 million 7-year term loan facility with Danish Ship Finance.
Bengal Energy amended its secured credit facility with Australia-based Westpac Institutional Bank. The amendment includes a 14 month deferral of all principal payments on the facility.
TOKIN, a Japanese subsidiary of KEMET, entered into a new ¥33 billion (approximately $296 million) term loan with Sumitomo Mitsui Trust Bank as sole lead arranger. KEMET also concurrently amended its revolver with Bank of America.
Trading company BB Energy raised a $245 million revolving credit facility to refinance existing credit and for general corporate purposes.
Business Capital delivered financing to New Zealand-based car rental company JUCY Group. The new credit facility will fund JUCY’s strategic expansion plan, beginning with the purchase of additional vehicles.