21 Banks Close $2.2B Revolver for Groupe Casino

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.

Mediobanca Leads Prysmian $1.13B Refi

Prysmian Group, a provider of energy and telecom cable systems, has refinanced its €1 billion ($1.13 billion) long-term revolving credit facility with a pool of leading Italian and international banks.

Credit Agricole, Others Finance $208.4MM Facility for Eagle Bulk

Eagle Bulk Ultraco, a wholly owned subsidiary of Eagle Bulk Shipping, closed on a new five-year senior secured facility totaling $208.4 million. Financing participants on the facility included ABN AMRO and Credit Agricole CIB.

Crédit Agricole CIB Hires Two for Global Markets Sales Team

David Steckl and Yang Tang joined Crédit Agricole Corporate and Investment Bank’s Global Markets Americas Financial Institutions Sales team.

Crédit Agricole Names Zafar Head of Sales and Global Markets Division

Kashif Zafar joined Crédit Agricole CIB as head of Sales for the Americas and deputy head of the Global Markets Division for the Americas.

Rabobank, Santander, Others Support Sainsbury Acquisition of Asda

Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart’s Asda, which is valued at £7.3 billion ($9.7 billion).

Natixis, Others Fund $116MM Rémy Cointreau Facility

Cognac and spirits producer Rémy Cointreau signed a syndicated loan for €100 million ($116.572 million). Six banks funded the loan, including Natixis, Credit Agricole-CIB, Société Générale, HSBC, CIC and BNP Paribas.

Citigroup Leads $750MM Facility for Virgin Media

Virgin Media launched a new minimum $750 million senior secured term loan due January 31, 2025. Citigroup is acting as global coordinator on the transaction.

Credit Agricole Provides Marine Financing for Ardmore

Ardmore Shipping signed a loan agreement for a new $39 million credit facility with Credit Agricole CIB that will be used to finance up to 65% of the purchase price of two vessels.