Bloomberg reported JPMorgan Chase, HSBC and Credit Agricole were fined a total of $521 million for manipulation of the Euribor benchmark rate. JPMorgan’s share of the total was $362 million.
Bank of America Merrill Lynch, Citibank, Credit Agricole, Danske Bank, Nordea Bank, Skandinaviska Enskilda Banken and Standard Chartered Bank were lead arrangers and bookrunners for a new €200 million ($210 million) revolving credit facility for Valmet Oyj.
Atmos Energy entered into an amendment to its revolving credit agreement, increasing its loan amount from $1.25 billion to $1.50 billion. Crédit Agricole acted as administrative agent.
Lockheed Martin extended the expiration date of its $2.5 billion credit agreement by one year from October 9, 2020 to October 9, 2021. Bank of America was administrative agent.
Gunvor USA completed a $500 million borrowing base credit facility, which will support the company’s newly established operations in the U.S. Rabobank served as administrative agent for the transaction.
Vitol executed $8 billion in revolving credit facilities with a syndicate of 55 banks.
Crédit Agricole has appointed Gene K. Kim as Head of International for the Global Markets Division. He will also head Global Markets activities in the Americas.
Western Refining Logistics increased its revolving credit facility to $500 million. Wells Fargo Securities, SunTrust Robinson Humphrey and Crédit Agricole were joint lead arrangers.
Adient Global closed a $1.5 billion term loan A and a $1.5 billion revolving credit facility. The net proceeds are intended to be used to make approximately $3 billion in cash tranfers to Johnson Controls in connection with its spin-off.
The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet.