Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart’s Asda, which is valued at £7.3 billion ($9.7 billion).
International Seaways’ joint ventures with Euronav, which own the FSO Africa and FSO Asia floating storage and offloading service vessels, closed on a $220 million credit facility. International Seaways received $110 million in proceeds from the drawdown of the facility.
Crude oil tanker company DHT Holdings closed a $485 million secured credit facility agreement with a six-year tenor for the refinancing of its credit facility. ABN Amro increased the company’s revolver from $43.4 million to $57 million.
Team Tankers International entered into share purchase agreements to acquire all outstanding shares in Laurin Shipping and Anglo-Atlantic Steamship Company. The total estimated enterprise value of the series of transactions is approximately $206 million.
Reuters reported Dutch-based retailer Action needs to refinance exisiting debt and pay out a dividend to shareholders, which has caused it to initiate a €2.4 billion ($2.9 billion) leveraged loan.
Goodnight Midstream expanded ts senior secured facility to $165 million to provide additional capital for the company’s growth and future operations. ABN AMRO Capital USA, is the administrative agent, book runner and sole lead arranger.
Offshore oil rig driller Seadrill entered into a restructuring agreement with more than 97% of its secured bank lenders, approximately 40% of its bondholders and a consortium of investors led by its largest shareholder, Hemen Holding.
Netherlands-based bottler Refresco will acquire Cott’s bottling activities for $1.25 billion. Reuters reported J.P. Morgan led the financing to support the transaction.
Brazos Midstream Holdings expanded its senior credit facility to $150 million in commitments from a syndicate of banks led by BOK Financial and Cadence bank as joint lead arrangers.