Trinity Exploration Gets 22nd Extension to Citi Debt Repayments
Alliance News reported that Trinity Exploration & Production secured another extension to its moratorium on repayments due under its $13 million facility with Citibank.
Alliance News reported that Trinity Exploration & Production secured another extension to its moratorium on repayments due under its $13 million facility with Citibank.
Verso has finalized, subject to approval by the bankruptcy court, a debtor-in-possession financing package totaling up to $600 million, which will provide a clear path to a restructuring.
Digital Realty Trust has completed the refinancing of its global revolving credit facility and term loan. Citibank served as administrative agent for the transaction.
Trex Company, a manufacturer of wood-alternative decking and railing products, completed a debt refinancing through Bank of America, Citibank, Capital One and SunTrust.
Bank of America served as administrative agent for a syndicate that provided $250 million and £300 million (approximately $432 million) term loans to Equinix. Equinix used the financing to terminate a bridge loan with JPMorgan Chase.
Noble Energy has closed a series of transactions including a $1.4 billion term loan with a lender group led by Citibank as administrative agent.
TICC Funding repaid in full its $150 million of outstanding borrowings under its revolving credit facility with Citibank and terminated the facility as of December 31, 2015 in accordance with its terms.
Oil transportation services company Gener8 Maritime signed an agreement with banks for a $259.6 million term loan facility which will support a VLCC newbuilding program. Citibank, EX-IM Bank of China and Bank of China arranged the financing.
Comtech Telecommunications has agreed to acquire TeleCommunication Systems in a deal valued at $431 million. Citibank has committed $400 million in senior secured credit facilities to support the transaction.
Pakistan International Airlines closed a $120 million secured syndicated Islamic facility. Citibank and Mashreqbankpsc acted as joint lead arrangers, bookrunners and coordinators for the facility.