Scotiabank, Mizuho to Provide $665MM LoC to Ecopetrol
Ecopetrol plans to sign a contingent line of credit for $665 million with Scotiabank ($430 million) and Mizuho Bank ($235 million) as part of its integral debt management strategy.
Ecopetrol plans to sign a contingent line of credit for $665 million with Scotiabank ($430 million) and Mizuho Bank ($235 million) as part of its integral debt management strategy.
Ferrexpo increased its 2017 Pre-Export Finance credit facility from $195 million to $400 million and extended the tenor from three years to four years. Deutsche Bank and BNP Paribas arranged the transaction.
Telenet Group Holding successfully issued and priced an additional $475 million term loan, as wells as a €205 million term loan ($231.946 million).
Scorpio Bulkers received a commitment from Nordea, New York branch, and Skandinaviska Enskilda Banken for a loan facility of up to $184 million.
Sprott Private Resource Lending will provide a $25 million senior secured credit facility to Cardinal Resources, subject to certain documentation and other customary conditions.
Scorpio Bulkers received a commitment from ABN AMRO Bank and Norddeutsche Landesbank Girozentrale for a loan facility of up to $60 million.
White Oak Asset Finance committed £90 million ($117.529 million) to British Steel. Proceeds from the financing will be used to provide working capital and fuel capital investment projects.
Algold Resources entered into a secured credit agreement for a $5 million short-term loan facility with a consortium of lenders, including BPM Capital, Downtown Special Situations, Delaware Street Capital Master Fund, Saiso Partners and Capital Drilling.
International energy group MOL completed a €555 million ($650 million) revolving credit facility with ING, London branch as agent.
CEVA Logistics launched a proposed refinancing of the majority of its existing debt facilities with the objective of achieving lower interest rates, longer maturities and enhanced liquidity to pursue its strategy. Credit Suisse and HSBC are acting as joint global coordinators across the refinancing.