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.
Gunvor closed a $725 million borrowing base facility, which will provide working capital for refining activities in the Amsterdam-Rotterdam-Antwerp region. ING was coordinator and the facility and security agent.
Olam International, a global agri-business operating in 70 countries, secured a revolving credit facility aggregating $2 billion with an international syndicate of more than 20 banks.
Textainer Group announced Union Bank and ING Belgium will act as lead arranger and joint lead arranger, respectively, for a $500 million term loan. Union Bank leads a group of other financial institutions involved in the transaction.
iGATE announced that subsidiary Pan-Asia iGATE Solutions entered into a credit agreement for a secured term loan facility with DBS Bank and ING Bank N.V. Singapore, with ING acting as security agent.