Grupo Gerdau secured a $800 million credit facility. BNY Mellon served as administrative agent for the transaction.
BofA Agents $1.45B Facility for Asbury Automotive Group
September 26, 2019
Asbury Automotive Group has amended its $1.45 billion, five-year syndicated senior credit facility with Bank of America serving as administrative agent.
Santander Bank Adds Industry Veterans to ABL Team
August 14, 2019
Santander Bank has tapped Paul Cronin to lead its asset-based lending business in its Commercial Banking division. Arthur Pesavento will join the ABL group as senior vice president and business development officer.
Rabobank, Santander, Others Support Sainsbury Acquisition of Asda
July 5, 2018
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).
Citi, Goldman, Others Renew $1.27B Air France/KLM Facility
November 8, 2017
Air France and KLM Airlines renewed their joint €1.1 billion ($1.27 billion) revolving credit facility with a syndicate of 18 banks.
Citi Europe Agents Royal Caribbean Cruises Credit Agreements
June 29, 2016
Royal Caribbean Cruises entered into credit agreements for the financing of ships scheduled for delivery in fall 2018 and the first half of 2020. Citibank Europe served as facility agent.
GE Sells Consumer Finance Business in Northern Europe
June 23, 2014
Reuters reported that Banco Santander is buying GE Money Bank, GE Capital’s consumer finance business in Sweden, Norway and Denmark for $950 million.
Sovereign Increases MicroFinancial Credit Agreement
December 27, 2012
MicroFinancial’s subsidiary, TimePayment, increased its revolving line of credit from $100 million to $150 million with a bank syndicate led by Sovereign Bank.
