Aircastle entered into a new $400.5 million term facility secured by 17 aircraft. BNP Paribas acted as administrative agent and security trustee for the transaction.
McDermott International satisfied all conditions to the amendment to the company’s senior secured credit agreement with a lender group led by Credit Agricole as administrative agent.
McDermott International amended its senior secured credit agreement to replace an existing minimum EBITDA requirement and remove or reduce certain reporting requirements to its lenders. Crédit Agricole agented the transaction.
Ocean Yield ASA received a commitment from a bank group for a $202.5 million credit facility to finance three liquefied ethylene gas carriers. The facility was arranged by ABN AMRO, Credit Agricole, Societe Generale and Sumitomo Mitsui Europe.
CIT Bank, MUFG Union Bank and Credit Agricole Corporate and Investment Bank led a group of 16 lenders in providing $753 million debt financing for the CPV Towantic Energy Center in Oxford, CT.
Eagle Bulk extended its forbearance and standstill agreement with its creditors, led by ABN AMRO, by a further 14 days to give it more time to find a solution to the money it owes in loans.
International shipping company Navig8 Product Tankers entered into an amended facility for $128.5 million with Credit Agricole and BNP Paribas to provide additional financing for new product tankers.
Bloomberg reported Citigroup will reduce financing for coal mining projects in the latest blow to an industry that’s viewed as a key contributor to global warming.
Hapaq-Lloyd and a banking syndicate, led by Credit Agricole, DNB, HSBC and UniCredit, signed a $372 million facility agreement to finance five new vessels.
ICA Gruppen AB signed a SEK 5 billion multicurrency revolving credit facility and refinanced its credit facility signed in 2013. Crédit Agricole Corporate and Investment Bank, and others arranged the facility.