BofA Agents Avnet $1.25B Credit Facility
Avnet entered into a new credit facility, increases its borrowing capacity to $1.25 billion. Bank of America will continue to act as administrative agent, swing line lender and letter of credit issuer.
Avnet entered into a new credit facility, increases its borrowing capacity to $1.25 billion. Bank of America will continue to act as administrative agent, swing line lender and letter of credit issuer.
OceanaGold said it completed a new $200 million revolving credit facility to replace existing facilities with a bank syndicate comprising Barclays, BNP Paribas, Citibank, HSBC and Nedbank Capital.
Bloomberg reported that global commodity trader Glencore Xstrata refinanced its credit lines with $15.3 billion of syndicated loans arranged by BNP Paribas, Citigroup, ING and UniCredit.
Millicom completed a revolving credit facility of $500 million for Millicom International Cellular. The loan was arranged by mandated lead arrangers and bookrunners: BNP Paribas, Citi, DNB and Scotiabank.
Freepoint Commodities closed a $1 billion revolver, doubling the company’s initial committed facility from 2011. BNP Paribas led and arranged the new facility with a syndicate of other banks.
Textainer Group announced Union Bank and ING Belgium will act as lead arranger and joint lead arranger, respectively, for a $500 million term loan. Union Bank leads a group of other financial institutions involved in the transaction.
BNP Paribas has established itself atop the European corporate banking market by securing relationships with 56% of the largest European companies, according to the 2014 Greenwich Share and Quality Leaders in European Corporate Banking, Cash Management and Debt Capital Markets.
First Quantum Minerals announced the signing of a mandate letter for a $2.5 billion term term loan and revolver. Standard Chartered Bank and BNP Paribas acted as mandated lead arrangers and underwriters.
Outokumpu announced it completed a €900 million ($1.23 million) revolver. BNP Paribas, others acted as mandated lead arrangers and lenders of the new facility.
HSBC, Deutsche Bank and BNP Paribas are the leading providers in European corporate trade finance, according to the results of a new report from Greenwich Associates.