Tariffs, trade wars and economic uncertainty rippled through 2019. Hugh Larratt-Smith examines current economic trends and speaks to leading ABL lenders about the impact the winds of change are having on the industry.
ABN AMRO Agents $100MM Facility for Six One Commodities
May 31, 2019
Six One Commodities has signed a $100 million borrowing base facility. ABN AMRO Capital served as lead arranger and administrative agent.
Rabobank, Others Renew Sucafina $300MM Sustainability Linked Facility
May 29, 2019
Global sustainable coffee company Sucafina and an 11-bank syndicate led by BNP Paribas with Rabobank, as sustainability agent, have renewed their sustainability linked syndicated borrowing base facility first established in 2017.
Credit Agricole, Others Finance $208.4MM Facility for Eagle Bulk
January 29, 2019
Eagle Bulk Ultraco, a wholly owned subsidiary of Eagle Bulk Shipping, closed on a new five-year senior secured facility totaling $208.4 million. Financing participants on the facility included ABN AMRO and Credit Agricole CIB.
Court Approves Aegean Marine RSA, $535MM in DIP Financing
January 16, 2019
The U.S. Bankruptcy Court approved Aegean Marine Petroleum’s restructuring support agreement and $535 million in DIP financing provided by two Mercuria Energy subsidiaries and agented by ABN AMRO.
Wells Fargo, ABN AMRO Arrange $100MM Upsize for Goodnight Midstream
November 8, 2018
Goodnight Midstream expanded its revolving credit facility to $420 million from $320 million. ABN AMRO Capital USA and Wells Fargo served as joint lead arrangers on the transaction.
ABN AMRO Launches Blockchain Pilot with Samsung SDS, Port of Rotterdam
October 26, 2018
ABN AMRO launched a new pilot in partnership with the Port of Rotterdam and Samsung SDS, Samsung’s logistics and IT division.
RBC Agents $750MM Facility for Northern Oil and Gas
October 8, 2018
Northern Oil and Gas has closed an agreement with Royal Bank of Canada, as administrative agent, and a syndicate of lenders under a new $750 million first lien revolving credit facility.
ABN AMRO, Madava Agent Azure Midstream Refi
September 4, 2018
Azure Midstream Energy closed on a first lien senior secured credit facility led by ABN AMRO and a second lien secured term loan facility led by Madava Financial.
ING Agents $440MM Facility for Riwal
July 11, 2018
ING agented a new €375 million ($439.256 million) senior credit facility for Riwal Holding Group, an international aerial work platform renter and seller.
