BB Energy, an independent energy trading company, renewed and expanded its senior secured borrowing base credit facility in the Americas. ING Capital acted as arranger and bookrunner in the syndication and will act as administrative agent for the facility.
Tronox, a manufacturer of titanium dioxide pigment, closed a $350 million incremental term loan under its existing credit agreement. According to an 8K filed with the SEC, HSBC Bank is the administrative and collateral agent for the facility.
Auramet International, a precious metals merchant, closed a $275 million syndicated revolving credit facility led by Macquarie Bank. Macquarie acted as mandated lead arranger, bookrunner and administrative agent for the facility, which was oversubscribed.
First Solar entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. JPMorgan Chase Bank acted as lead arranger and is administrative agent for the facility.
Noble Corporation closed a new $350 million secured term loan. According to an 8K, DNB Capital, JPMorgan Chase, Nykredit Bank, Clifford Capital, Barclays Bank, Danske Bank, HSBC Bank, Nordea Bank and Morgan Stanely Senior Funding are mandated lead arrangers.
BB Energy, a global independent energy trading company, refinanced and expanded a $580 million senior secured borrowing base credit facility.
Six One Commodities closed a one-year, $745 million revolving borrowing base credit facility, which was expanded from $540 million by the company’s existing financial institutions. ING Capital, Wells Fargo, MUFG and Société Générale are joint lead arrangers for the facility.
Fosun International Limited and HSBC Bank (China) renewed a strategic cooperation agreement today to provide strong support for Fosun International and its subsidiaries in the aspects of global operation and investment capabilities, growth strategies, financial resources and more.
CBRE Group entered into a new five-year revolving credit agreement that increases its revolving credit facility to $3.5 billion from $3.15 billion.
Lucid Group entered into a credit agreement on June 9 with a syndicate of banks providing a secured asset-based revolving credit facility with an initial committed amount of up to $1 billion. Bank of America is the administrative agent and swingline lender.