Air France and KLM Airlines renewed their joint €1.1 billion ($1.27 billion) revolving credit facility with a syndicate of 18 banks.
According to Brand Finance research, JPMorgan Chase was ranked as the most popular brand in the U.S. Wells Fargo was voted the least trusted bank.
Citi appointed Peadar MacCanna and Murat Demirel as Trade co-heads for its Treasury and Trade Solutions (TTS) business in EMEA. Based in London, Peadar and Murat will report to Ebru Pakcan, EMEA head of TTS, and John Ahearn, global trade head, TTS.
Reuters reported that Barclays, Nomura and UBS led the leveraged loan financing to support Bain Capital and Cinven’s buyout of German drug maker Stada.
Citi appointed Matthew Brogdon and Bruce Cox co-heads of the firm’s Energy Acquisitions & Divestitures Group. Both were once partners at Netherland, Sewell & Associates and began their careers as petroleum engineers with ExxonMobil.
Citi named Muir Paterson to the firm’s Corporate and Investment Banking division as global head of Strategic Shareholder Advisory in its M&A Group.
Alterra Power completed its $287 million financing for the Flat Top wind project in Texas with affiliates of Citi, Santander and Royal Bank of Canada.
GE Energy Financial Services and UPF Energia Elctrica have secured $220 million of project financing for two jointly owned thermal power projects in Argentina. Citi, Credit Suisse and EDC led the financing.
Citi added former UBS EMEA expert Alison Harding-Jones to the firm as head of EMEA M&A and vice chairman of EMEA Corporate and Investment Banking.