GE Completes Sale of AU & NZ Lending/Leasing Assets to Bain Capital
GE has completed its agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital Credit.
GE has completed its agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital Credit.
ON Semiconductor entered into a $600 million revolving credit facility and a $2.2 billion term loan B facility with a group of lenders led by Deutsche Bank, NY as administrative agent.
Holly Energy Partners amended its existing revolving credit facility to increase the maximum amount from $850 million to $1.2 billion. Wells Fargo served as administrative agent for the transaction.
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.
MKS Instruments has entered into an agreement to acquire Newport Corporation. Barclays and Deutsche Bank agreed to provide up to $800 million in debt financing to support the transaction.
ADT has entered into a definitive agreement to be acquired by an affiliate of funds managed by affiliates of Apollo Global Management and co-investors and merged with a subsidiary of Prime Security Services Borrower.
Ball announced the commencement of syndication for new revolving and term loan senior secured credit facilities that are expected to refinance Ball’s existing facilities with a group of lenders led by affiliates of Deutsche Bank.
IAMGOLD has signed definitive agreements with a banking syndicate to refinance its expiring unsecured revolving credit facility with a $250 million secured facility led and arranged by National Bank of Canada and Deutsche Bank.
TriplePoint Venture Growth has renewed its existing $200 million revolving credit facility. Deutsche Bank served as administrative agent and lender.
Reuters reported Commerzbank has sued four banks in the U.S. claiming they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the lender before the 2008 financial crisis.