Eagle Bulk Shipping, an operator of midsize drybulk vessels, amended its credit agreement to increase borrowing capacity by $175 million, among other changes. Crédit Agricole is the facility agent for the loan.
Mercuria’s North American operating entities closed its $3.4 billion multi-year senior secured borrowing base credit facility. The facility was over-subscribed, enabling Mercuria to increase the size by $100 million.
Orange signed with 27 international banks a new sustainability-linked multi-currency €6 billion ($6.2 billion) syndicated revolving facility in order to refinance in advance the existing facility expiring December 2023.
Crédit Agricole acted as senior mandated lead arranger for a new $3.25 billion syndicated credit agreement under its sustainability-linked financing framework for CEMEX, a Mexico-based building materials company.
Vmo Aircraft Leasing closed a five-year, $600 million senior secured warehouse facility. Credit Suisse Securities and Natixis Corporate and Investment Bank are the co-structuring agents and joint lead arrangers of the facility. UMB Bank is the administrative agent and the security trustee.
Elis signed a €900 million ($1.04 billion) sustainability-linked syndicated revolving credit facility with a group of 13 core relationship banks. BNP Paribas structured the facility as sustainability coordinator.
Gerald Group, an independent and employee-owned metals trading house, refinanced GT Commodities’ borrowing base facility at $450 million. GT Commodities is Gerald Group’s North American trading hub.
Micron Technology closed nearly $3.7 billion in inaugural sustainability-linked credit facilities. Crédit Agricole Corporate and Investment Bank served as the sole sustainability structuring agent on both credit facilities.
Investec Power and Infrastructure Finance acted as sole bookrunner, coordinating lead arranger and administrative agent on a seven-year, $200 million debt financing facility for a holding company of Cypress Creek Renewables.
Gerald Group renewed its North American syndicated borrowing base credit facility, as its trading hub, GT Commodities, closed its $240 million facility with an oversubscription from an initial launch amount of $175 million. ING Capital was lead lender and administrative agent.