Aircraft asset manager Aviation Capital Group closed a $500 million secured credit facility in support of its aircraft financing solutions business. BNP Paribas and Société Générale structured the facility.
Oryx Stainless Group increased its financial flexibility with a syndicated credit facility in the amount of €125 million ($127.5 million), replacing the existing facility at an early stage. The transaction was agreed with six banks and runs for a period of three years, with an option to extend for a further year.
HSBC, Commerzbank, DZ Bank, Rabobank, NRW Bank and Sparkasse Düsseldorf collaborated on the refinancing of €80 million ($94.11 million) of Oryx Stainless Group’s previous €100 million ($117.64 million) credit facility.
BNP Paribas, Groupe Crédit Agricole, Commerzbank, HSBC, Société Générale, BECM and La Banque Postale will provide Tarkett with a $192.85 million short term revolving credit facility as part of a total of $269.99 million of additional financing.
Commerzbank, Danske Bank and ING Bank served as coordinating mandated lead arrangers and bookrunners on a new multi-currency revolving credit facility for Securitas AB in the amount of $920.68 million.
BNP Paribas, Handelsbanken and Nordea acted as coordinating mandated lead arrangers and bookrunners for a €750 million revolving credit facility for UPM.
A syndicate of banks including Crédit Agricole, Société Générale, BNP Paribas, Commerzbank, Caixa Bank and Crédit Industriel et Commercial Bank provided a $650 million secured funding facility for Aviation Capital Group’s Aircraft Financing Solutions business.
Nordea acted as coordinating bookrunner and mandated lead arranger on two revolving credit facilities totaling €800 million ($872 million) for Metso.
Commerzbank set up a trade finance innovation lab to develop payment and finance solutions based on new technologies such as distributed ledger technology, smart contracts and the internet of things.
Crain’s Business Journal reported that Commerzbank, one of Diebold Nixdorf’s lenders, auctioned off $26 million of its revolving credit facilities and $21 million of Diebold’s ATM loans, with Citigroup as the winning bidder.