Colombia’s Ministry of Finance and Public Credit authorized Ecopetrol to enter into an external credit loan with international banks for up to $4 billion. The lenders under the credit facility are Banco Santander, Citibank, JPMorgan Chase Bank and the Bank of Nova Scotia.
Crédit Agricole, HSBC France and Natixis will serve as mandated lead arrangers and bookrunners for a €7 billion ($7.58 billion) financing arrangement for the Air France-KLM Group.
BNP, Banco Santander, Deutsche Bank and JPMorgan provided a €12 billion ($12.96 billion) loan facility agreement to Daimler.
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 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.
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).
Air France and KLM Airlines renewed their joint €1.1 billion ($1.27 billion) revolving credit facility with a syndicate of 18 banks.
The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet.
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.