Citi, Santander, RBC Provide Construction Loan Facility to Alterra
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.
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.
Clayton, Dubilier & Rice closed an agreement with HD Supply Holding to acquire its Waterworks business unit for $2.5 billion. Through a carve-out transaction, Waterworks will become an independent company, wholly-owned by CD&R funds.
Citi acted as left lead arranger on a transaction that increased Digicel Group’s loan facilities from $935 million to $1.255 billion.
Royal Philips signed an agreement with a consortium of 16 banks for a new €1 billion ($1.09 billion) revolving credit facility with an interest rate that will be dependent on the company’s year-on-year sustainability performance improvement.
Millicom International Cellular entered into a five-year $600 million revolving credit facility with a group of international and regional banks.
Och-Ziff Loan Management closed nearly $1 billion in collateralized loan obligations, including a $409 million CLO arranged by Bank of America Merrill Lynch and the refinancing of a $583 million CLO placed by Citi.
Citi appointed Kevin Lam as Asia Pacific business development head between Citi’s Private Bank and Citi’s Corporate and Investment Bank, in addition to being COO of Hong Kong Corporate and Investment Banking.
Symantec is acquiring LifeLock in a deal valued at $2.3 billion. The company will finance the transaction with cash and $750 million of new debt. Bank of America, Barclays, Citi, J.P. Morgan, Merrill Lynch and Wells Fargo provided debt financing commitments.