ING Leads $235MM Expanded Syndicated Financing for Auramet
ING Capital led a $235 million syndicated financing on behalf of Auramet Trading and Auramet International, a precious metals merchant.
ING Capital led a $235 million syndicated financing on behalf of Auramet Trading and Auramet International, a precious metals merchant.
BNP Paribas is serving as administrative agent for a $2.565 billion revolving bank facility for Freepoint Commodities. ABN AMRO Capital, Coöperatieve Rabobank, ING Bank and Société Générale are serving as co-syndication and co-documentation agents.
A lending syndicate that included Sovcombank as a mandated lead arranger closed a $1 billion credit facility for KAZ Minerals.
Abu Dhabi National Energy has secured a $3.5 billion revolving credit facility.
Global footwear company Skechers closed a new $500 million, five-year senior credit facility.
ING Capital led a $300 million syndicated financing on behalf of GT Commodities, the North American trading hub for Gerald Group, the world’s largest employee owned metals merchant.
TrailStone Group closed a $300 million revolving credit facility with BNP Paribas acting as sole lead arranger and bookrunner. The new facility refinances the company’s current $200 million revolver.
The Financial Times reported that Chinese car maker FAW Group signed a $144 billion credit line with 16 banks, including China Construction Bank, Industrial and Commercial Bank of China, Bank of China and Agricultural Bank of China.
Wilmar International signed a $1.8 billion syndicated loan facility. DBS Bank, ABN AMRO Bank, Singapore Branch and BNP Paribas, among others, acted as mandated lead arrangers on the transaction.
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).