Glencore Gets $15.3B of Credit Lines to Replace Debt
Bloomberg reported that global commodity trader Glencore Xstrata refinanced its credit lines with $15.3 billion of syndicated loans arranged by BNP Paribas, Citigroup, ING and UniCredit.
Bloomberg reported that global commodity trader Glencore Xstrata refinanced its credit lines with $15.3 billion of syndicated loans arranged by BNP Paribas, Citigroup, ING and UniCredit.
The WSJ reported that Energy Future Holdings received bankruptcy court approval for its $5.4 billion bankruptcy loan, to be used to refinance senior bonds, as well as early payment premiums.
The seventh annual ACG New York Manufacturing Conference will focus on how to create private equity value in today’s challenging manufacturing marketplace.
Golub completed its previously announced $402 million term debt securitization. In connection to the closing of the CLO, Golub decreased its revolver with Wells Fargo.
Millicom completed a revolving credit facility of $500 million for Millicom International Cellular. The loan was arranged by mandated lead arrangers and bookrunners: BNP Paribas, Citi, DNB and Scotiabank.
Wells Fargo Capital Finance announced their Lender Finance group was agent and lead arranger for a $150 million senior revolver to an affiliate of Ares management to support its acquisition of ABL lender Keltic Financial.
According to the latest M&A Leaders Survey, issued jointly by Morrison & Foerster, it’s been a long drought for tech-sector M&A activity, but dealmakers are finally seeing some relief.
According to a new survey released from Wells Fargo’s International Group, the global marketplace is no longer the exclusive domain of large corporations as mid-sized U.S. companies focus on doing business internationally.
Todd Slotkin has been named managing director and global head of Alvarez & Marsal Asset Management Services, a newly-created business established to support a range of organizations.
Ares Management has expanded into the commercial finance sector through its acquisition of Keltic Financial Services and Keltic Financial Partners.