HSBC Bank USA Archives

HSBC USA Expands Sustainable Finance Offerings with Sustainability-Linked Loans

HSBC Bank USA, part of the HSBC Group, will begin offering sustainability-linked loans (SLL) that will enable U.S businesses to tie their borrowing to activities that support sustainability initiatives.

Citigroup-Led Syndicate Arranges $5B Credit Facility for SYNNEX

SYNNEX entered into a new $5 billion credit facility consisting of a $1.5 billion term loan and a $3.5 billion revolving credit facility. Citigroup Global Markets is the joint lead arranger and joint bookrunner for the new revolving credit and term loan facilities.

BofA, BBVA, PNC Agent $670MM Credit Facility for Diodes

BofA Securities, BBVA Securities and PNC Capital Markets acted as joint lead arrangers and joint bookrunners on a three-year, $670 million secured credit facility for Diodes Incorporated.

Deutsche Bank-Led Syndicate Boosts Marriott Vacations Facility to $531MM

According to an 8K filed with the SEC, Deutsche Bank, Bank of America, Credit Suisse, Truist Bank, Wells Fargo Bank, Fifth Third Bank, HSBC Bank USA and MUFG Bank upsized Marriott Vacations Worldwide’s warehouse credit facility to $531 million.

JPMorgan Agents $3B Revolver for Baker Hughes

Baker Hughes, a GE company, entered into a credit agreement with JPMorgan Chase Bank as administrative agent.

BNY Mellon Agents $800MM Term Loan for Grupo Gerdau

Grupo Gerdau secured a $800 million credit facility. BNY Mellon served as administrative agent for the transaction.

WFS, BofA, Others Arrange $900MM Facility for TTEC

TTEC Holdings amended and extended the terms of its credit facility, securing a $900 million, multi-currency revolving credit facility through 2024 on favorable terms.

Wells Fargo, Fortress Support Perry Ellis Acquisition

An entity controlled by George Feldenkreis acquired Perry Ellis International through a $437 million transaction. Perry Ellis was subsequently converted into a private company.

J.P. Morgan, BMO Harris, Others Arrange $1.3B Welbilt Refi

Welbilt amended its senior secured credit facility, increasing the borrowing limit for the revolving credit facility to $400 million from $275 million and extending maturity date to October 23, 2023.

Barclays Agents Enviva Partners Facility Upsize to $350MM

Enviva Partners amended its senior secured credit facility, extending the maturity to October 2023 from April 2020 and increasing the revolving credit facility to $350 million from $100 million.

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