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.
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.
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.
David Steckl and Yang Tang joined Crédit Agricole Corporate and Investment Bank’s Global Markets Americas Financial Institutions Sales team.
Kashif Zafar joined Crédit Agricole CIB as head of Sales for the Americas and deputy head of the Global Markets Division for the Americas.
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).
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.
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.
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.