Freepoint Commodities closed a $2.63 billion revolving bank facility. The facility consists of a $1.57 billion, three-year committed tranche and a $1.05 billion, one-year uncommitted tranche. Additionally, the facility has a $570 million accordion feature. BNP Paribas is the administrative agent for the facility.
OceanaGold has amended its existing $200 million revolving credit facility with its banking partners: Scotiabank, Citi, HSBC, Commonwealth Bank of Australia, Natixis and BNP Paribas.
Olam International secured a revolving credit facility $1.75 billion. Olam Treasury, a 100%-owned subsidiary of Olam, is a co-borrower.
Detour Gold closed a $500 million senior secured credit facility with its existing bank group. Bank of Montreal served as administrative agent.
Independent oil company Faroe Petroleum signed two banking facilities that will provide financing to underpin the company’s growth plans.
Olam International, a global agri-business operating in 70 countries, secured a revolving credit facility aggregating $2 billion with an international syndicate of more than 20 banks.
Boralex and Gaz Métro/Valener closed a C$617.5 million ($484.4 million) refinancing to support the Seigneurie de Beaupré Wind Farms with a group of lenders including Bank of Tokyo-Mitsubishi, Sumitomo Mitsui, Mizuho Corporate Bank and Crédit Industriel et Commercial.
Cheniere Energy Partners has closed on the previously announced approximately $2.8 billion of senior secured credit facilities. Bank of America and JPMorgan Chase are among 16 banks that provided the facility.