Citibank Archives - ABFJournal

Citi Upsizes Blue Owl Tech Subsidiary Credit Facility to $500MM

Blue Owl Technology Income subsidiary Tech Income Funding II increased its senior secured revolving credit facility to $500 million with Citibank as the administrative agent. The amendment also reduced borrowing costs and updated custodial responsibilities.

October 18, 2024 Alter Domus | Blue Owl Technology Income | Citibank | State Street Bank | Tech Income Funding II Rita Garwood

Citi Agents $10B Supplemental Credit Agreement for Boeing

Boeing entered a $10 billion supplemental credit agreement with Citibank serving as administrative agent and a syndicate of lenders, including BofA Securities, Goldman Sachs and JPMorgan as joint lead arrangers.

Truist and Citibank Agent Upsize Main Street SPV Credit Facility to $600MM

Main Street Capital’s wholly-owned subsidiary, MSCC Funding I, recently amended its special purpose vehicle (SPV) revolving credit facility, increasing its commitments to $600 million. Truist Bank acted as administrative agent and swingline lender, and Citibank acted as collateral agent, document custodian and custodian.

Citibank Agents Refinancing of Volcan’s $400MM Senior Term Loan Facility

Volcan Compañía Minera has completed the refinancing of its $400 million senior term loan facility dated as of December 29, 2021. Citibank served as the administrative agent on the refinancing.

July 26, 2024 Citibank | Luis Herrera | Senior Term Loan Facility | Volcan | Volcan Compañía Minera Brianna Wilson

Consumer Portfolio Services Renews $200MM Credit Facility with Citibank

Consumer Portfolio Services renewed its two-year revolving credit agreement with Citibank. Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds or will purchase from dealers in the future.

July 12, 2024 Citibank | Consumer Portfolio Services | CPS Brianna Wilson

BB Energy Closes New $400MM Revolving Credit Facility with Syndicate of Banks

BB Energy signed its new, $400 million, one-year revolving credit facility, which will be used to refinance the maturing facility signed in July 2023, as well as for general corporate purposes. The facility includes a one-year extension option, exercisable at BB Energy’s request.

Citibank, Wells Fargo, et al. Amend and Restate $475MM Credit Facility for Nabors

Nabors Industries closed, on June 17, 2024, an amendment and restatement of its secured credit facility. The new $475 million facility is comprised of $350 million for revolving credit and $125 million for letters of credit.

BMO Leads $310MM Credit Facility for Lumine Group

Lumine Group, an acquirer of communications and media software companies, entered into a $310 million revolving credit facility with a syndicate of Canadian and U.S. financial institutions led by BMO.

Citibank Increases Allison Transmission’s Revolving Credit Facility to $750MM

Allison Transmission entered into a fourth amendment to its credit agreement, increasing the commitments under its revolving credit facility to an aggregate principal amount of $750 million. According to an 8K filed with the SEC, Citibank is the administrative agent for the agreement.

March 19, 2024 Allison Transmission | Citibank | Fred Bohley Phil Neuffer

Crédit Agricole CIB and DNB Arrange $1B Revolver for Norsk Hydro

Norsk Hydro signed a $1 billion revolving multi-currency credit facility with Crédit Agricole CIB and DNB as the coordinating mandated lead arrangers and bookrunners on the transaction.

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