According to an 8K, DBS Bank served as agent on an amendment to Startek’s senior term loan and revolving credit facility. The amendment provides a deferment of principal payments until February 2021 along with a potential increase of the revolver from $20 million to $27.5 million.
Gunvor Group closed an innovative $745 million secured borrowing base facility that includes performance commitments related to Gunvor’s sustainability targets.
Wilmar International signed a $1.8 billion syndicated loan facility. DBS Bank, ABN AMRO Bank, Singapore Branch and BNP Paribas, among others, acted as mandated lead arrangers on the transaction.
Microchip Technology amended its credit facility dated June 27, 2013 with JPMorgan Chase Bank. The amended facility provides for a revolving loan of approximately $3.8 billion.
DBS Bank served as agent, as well as a mandated lead arranger, on an amendment and restatement to a credit facility for Marina Bay Sands (MBS), a subsidiary of Las Vegas Sands.
Olam International secured a revolving credit facility $1.75 billion. Olam Treasury, a 100%-owned subsidiary of Olam, is a co-borrower.
Newmarket closed a new $850 million multicurrency credit facility with JPMorgan as administrative agent. The revolving credit facility is available until September 22, 2022.
Olam International, a global agri-business operating across the value chain in 70 countries, secured a revolving credit facility aggregating $400 million.
Subsidiaries of Singapore Telecommunications Limited entered into agreements for total credit facilities of approximately S$4.1 billion ($2.94 billion) for general corporate purposes and refinancing of existing facilities. Bank of America, BNP Paribas and Citibank were part of 12-bank syndicate.
Micron Technology closed an $800 million term loan with DBS Bank acting as facility agent and security agent. Proceeds of loans will be used by MSA Capital II to buy certain equipment from Micron Singapore.