WSJ: UBS-Led Group to Launch Bitcoin-Like Token for Cross Border Trades

The Wall Street Journal reported that a UBS-led group plans to begin using a bitcoin-like token to settle cross-border trades.

Credit Suisse Leads $720MM Facility for TPHL

Trinidad Petroleum Holdings has received loan commitments of up to $720 million in term loans from a syndicate of banks led by Credit Suisse , Cayman Islands Branch as global coordinator.

Credit Suisse, Neuberger Provide $100MM Facility to ForwardLine

ForwardLine Financial has secured a new $100 million senior credit facility with Credit Suisse AG, Cayman Islands Branch and Neuberger Berman private equity funds.

Rabobank, Others Renew Sucafina $300MM Sustainability Linked Facility

Global sustainable coffee company Sucafina and an 11-bank syndicate led by BNP Paribas with Rabobank, as sustainability agent, have renewed their sustainability linked syndicated borrowing base facility first established in 2017.

Credit Suisse Arranges $352MM Term Loan for Bio Pappel

Credit Suisse arranged a $352 million senior secured term loan for Mexican paper producer, Bio Pappel.

BofA, JPMorgan, Others Provide $50MM Upsize to Newpark Revolver

Newpark Resources amended and extended its outstanding credit agreement, increasing its asset-based revolving loan from $150 million to $200 million and reducing applicable borrowing rates.

Credit Suisse, Deutsche Extend Revolvers for OnDeck

OnDeck extended its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.

Credit Suisse Funds $50MM Facility for Online Lender IOU Financial

IOU Financial, an online lender to small businesses, entered into a $50 million credit facility with Credit Suisse, Cayman Islands Branch.

Société Générale Agents $1.25B Revolver for Cheniere Energy

Société Générale acted as administrative agent on a $1.25 billion amended and restated revolving credit agreement for Cheniere Energy, a Houston-based energy company primarily engaged in LNG-related businesses.

Credit Suisse Agents $1.22B+ Facilities for Mitel Networks

Credit Suisse, Cayman Islands Branch, served as administrative agent on a $1.22 billion credit facility for Mitel Networks. The facility consisted of a seven-year $1.12 billion first lien term loan and a five-year $100 million revolving credit facility.