Groupe Casino signed a new €2 billion ($2.2 billion) revolving credit facility, which will mature in October 2023, as part of its refinancing plan. Twenty-five banks joined the syndicate.
The Wall Street Journal reported Citigroup has tapped its Latin America chief, Jane Fraser, to serve as the bank’s No. 2 executive, putting her atop the list to succeed Chief Executive Michael Corbat.
Natgasoline priced around $900 million of new senior secured debt financing, including a $565 million term loan B. J.P. Morgan and Goldman Sachs acted as left lead arrangers and bookrunners on the term loan.
Reuters reported that Sears chairman Eddie Lampert is holding discussions with Cyrus Capital Partners to share the $30 million financing to support the company’s Chapter 11 effort.
The Wall Street Journal reported that Sears Holdings’ biggest lenders are pushing the retailer to liquidate its assets in a Chapter 7 bankruptcy filing.
The Securities and Exchange Commission entered an order finding that Citigroup Global Markets misled users of a dark pool operated by one of its affiliates.
Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. Bank of America Merrill Lynch is leading the syndication.
Citigroup agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls and trader supervision.
An investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners agreed to acquire Dun & Bradstreet, a provider of commercial data, analytics and insight services for businesses.