NXP is seeking commitments for up to $475 million in new senior secured loans. The joint lead arrangers and joint bookrunners on the transaction are Morgan Stanley Senior Funding and BofA Merrill Lynch.
David Morris International, a London-based jeweler, secured a £15 million asset-based loan from RBS Invoice Finance to support the company’s global expansion plans. Hilco Appraisal Europe was called upon to provide inventory valuation.
Bloomberg reported that GE Capital hired Erwan Stervinou as a director on its structured finance team in Hong Kong. He was previously a director of leveraged finance at United Overseas Bank, the article said.
The Wall Street Journal reported that GE Capital Funding Canada raised a total of C$950 million (US$938.5 million) from an offering of three-year floating rate notes and 10-year fixed rate notes, citing a person familiar with the matter.