Barclays, Credit Agricole Support McDermott Restructuring

McDermott International has received support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the company’s funded debt, eliminating more than $4.6 billion of debt.

Nordea, Credit Agricole, Others Lead $525MM Facility for Diamond S Shipping

Diamond S Shipping closed a five-year $525 million credit facility, composed of a $375 million term loan and a $150 million revolving credit facility.

DNB Agents Norsk Hydro New $1.6B Sustainability Revolver

Norsk Hydro signed a $1.6 billion revolving multi-currency credit facility with the margin linked to Hydro’s greenhouse gas emission target.

Citi, UniCredit, Other Arrange $11B Revolver for Volkswagen

Volkswagen closed a €10 billion ($11 billion) five-year revolving credit facility with Citigroup, Credit Agricole and UniCredit as arrangers and coordinators.

Credit Agricole, CaixaBank, Others Arrange $1.7B Boralex Refi

Renewable energy giant Boralex refinanced almost all of its wind farm operations in France, for a total of $1.7 billion, divided among three credit agreements maturing respectively in 2034, 2036 and 2040.

ING Agents $300MM Revolver for Gerald Group

ING Capital led a $300 million syndicated financing on behalf of GT Commodities, the North American trading hub for Gerald Group, the world’s largest employee owned metals merchant.

ABN AMRO, Nordea, Others Provide $34.3MM Loan for Eagle Bulk

Eagle Bulk Ultraco closed on a $34.3 million incremental term loan under its existing five-year senior secured term loan facility, which bears an interest rate of LIBOR plus 2.50% and matures in 2024.

Crédit Agricole, Societe Generale Lead $6.73MM Revolvers for EDF

EDF signed two €300 million ($3.37 million) sustainability-indexed revolving credit facilities, which incorporate a pricing adjustment based on EDF’s sustainability performance linked to CO2 emissions and energy efficiency.

DVB Bank Leads $175MM Bulk Carrier Financing for Polsteam Group

A bank syndicate led by DVB Bank closed the financing of 34 bulk carriers for Polsteam Group.

Siena Lending Closes $7.5MM Revolver for Seitz

Siena Lending Group completed a $7.5 million revolving credit facility for Seitz.