Mediobanca Leads Prysmian $1.13B Refi
Prysmian Group, a provider of energy and telecom cable systems, has refinanced its €1 billion ($1.13 billion) long-term revolving credit facility with a pool of leading Italian and international banks.
Prysmian Group, a provider of energy and telecom cable systems, has refinanced its €1 billion ($1.13 billion) long-term revolving credit facility with a pool of leading Italian and international banks.
Michael O’Neill, chairman of Citi’s board of directors, will retire on January 1, 2019. John C. Dugan will succeed O’Neill as chairman on the same date.
Interpublic Group agreed to acquire Acxiom Marketing Solutions in a cash transaction valued at $2.3 billion. Citi and JPMorgan served as financial advisors and provided committed debt financing to support the merger.
Ardagh Group closed on a five-year asset-based revolving credit facility of $850 million agented by Citi.
Sasol, a South African chemicals and energy company, increased its existing revolving credit facility from $1.5 billion to $3.9 billion.
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.