Independent oil company Faroe Petroleum signed two banking facilities that will provide financing to underpin the company’s growth plans.
BNP Paribas provided Scorpio Tankers with an additional $27.6 million under the company’s credit facility and extended the facility’s maturity date to December 2021.
Micron Technology closed an $800 million term loan with DBS Bank acting as facility agent and security agent. Proceeds of loans will be used by MSA Capital II to buy certain equipment from Micron Singapore.
Olam International, a global agri-business operating in 70 countries, secured a revolving credit facility aggregating $2 billion with an international syndicate of more than 20 banks.
According to a recent report by Technavio, the global trade finance market is expected to grow at a compound annual growth rate of 3.77% during 2016-2020.
Vitol executed $8 billion in revolving credit facilities with a syndicate of 55 banks.
BNP Paribas, as administrative agent and lead bank, closed a credit facility for the State of Connecticut’s first Pay-for-Success Project launched by the Connecticut Department of Children and Families.
Aegean Marine Petroleum renewed its $1 billion secured global borrowing base multicurrency revolving credit facility and $250 million secured U.S. borrowing base revolving credit facility. ABN AMRO served as agent in all capacities.
Bank of America amended BWX Technologies’ credit agreement, adding a new term loan facility of up to $112.5 million and a new Canadian dollar term loan facility equivalent of up to $137.5 million.
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.