Barclays, Others Coordinate Sandvik Facility Amendment
Sandvik completed an amendment of its credit facility. Handelsbanken, Nordea and SEB acting are coordinating mandated lead arrangers and bookrunners.
Sandvik completed an amendment of its credit facility. Handelsbanken, Nordea and SEB acting are coordinating mandated lead arrangers and bookrunners.
HSBC, Deutsche Bank and BNP Paribas are the leading providers in European corporate trade finance, according to the results of a new report from Greenwich Associates.
Reuters reported that American Airlines is seeking to reprice its $1.9 billion exit financing with Deutsche Bank, the lead arranger. The article said the goal is to reprice the loan to a LIB+325 spread, with a 1% LIBOR floor
Bloomberg reported that six international banks were fined a record $2.3 billion by the European Union for rigging rates linked to LIBOR.
Paul Hastings announced it represented Fresnillo in its inaugural international issuance of debt securities. Citigroup, Deutsche Bank and J.P. Morgan acted as underwriters.
Patriot Coal announced that Barclays and Deutsche will be lead arrangers for a $250 million term loan facility and a $125 million ABL.
Bloomberg reported that Sally Dawson, a Deutsche Bank (DBK) AG executive in London who specialized in high-yield and distressed-debt sales, has died. She was 39.
Bloomberg reported that the heads of JPMorgan Chase and Deutsche Bank warn that lawmakers shouldn’t risk a default on U.S. debt because the impact would be devastating.
Reuters reported Siemens said it secured a $3 billion revolving credit facility to replace an expired arrangement. Commerzbank, Deutsche Bank and JP Morgan acted as coordinators and bookrunners, Reuters said.
K-V Pharmaceutical announced that its plan of reorganization is effective and that it successfully emerged from Chapter 11 with significantly reduced debt and a $375 million recapitalization.