Bloomberg: Barclays Arranges $6B Credit Line for Shell
Bloomberg reported that Royal Dutch Shell is seeking a $6 billion credit line to replace an existing loan, and Barclays is helping to arrange the financing for the company.
Bloomberg reported that Royal Dutch Shell is seeking a $6 billion credit line to replace an existing loan, and Barclays is helping to arrange the financing for the company.
Barclays and RBC Capital Markets served as co-managers on a transaction in which CIT Bank closed a $750 million equipment lease securitization.
Bloomberg reported that Bank of America, Deutsche and others boosted the CME Group’s credit line from $5 billion to $7 billion.
Patriot Coal announced that Barclays and Deutsche will be lead arrangers for a $250 million term loan facility and a $125 million ABL.
Barclays, ABN AMRO, Sparebank 1 SR-Bank ASA, NIBC and RB International Finance provided a $147 million credit facility to DeepOcean to facilitate the company’s growth plans.
Reuters reported that BJ’s Wholesale Club is launching a $2.1 billion refinancing credit, with Deutsche as lead left, sources told Reuters .
Reuters reported that a New York state appeals court ruled that Barclays Plc breached a derivative agreement with a Black Diamond Capital Management unit.
Bloomberg reported that investment bankers at Bank of America and Barclays told Bloomberg M&A activity will likely gain momentum, as European companies gain confidence to embark on transactions.
Rotech Healthcare announced that it completed its financial restructuring and has emerged from Chapter 11. Proskauer Rose serves as legal advisor, Barclays as financial advisor and AlixPartners as restructuring advisor.
Element Financial closed a new $585 million senior revolving credit facility to fund the company’s planned origination activity into 2014. Bank of Montreal acted as administrative agent.