HSBC Bank Archives - Page 2 of 7

Syndicate Including Citi and Goldman Sachs Provides $350MM Revolver to Nabors Industries

Nabors Industries closed a secured $350 million revolving credit facility. Institutions participating in the credit facility are Citibank, Goldman Sachs Bank, HSBC Bank, Morgan Stanley Senior Funding and Wells Fargo Bank. The new credit facility replaces the company’s 2018 revolving credit facility.

HSBC Leads $150MM Senior Secured Credit Facility for Veeco Instruments

Veeco Instruments entered into a senior secured revolving credit facility that enables the company to borrow up to $150 million over a five-year term that expires in December 2026. HSBC Bank is acting as administrative agent and collateral agent for the facility.

HSBC and Fifth Third Arrange $225MM Credit Facility for GA Telesis

HSBC Bank and Fifth Third Bank served as joint lead arrangers on a five-year, $225 million syndicated asset-based lending credit facility for GA Telesis, an aviation integration company. The facility includes nine participating banks, with HSBC Bank as administrative agent.

November 16, 2021 Abdol Moabery | Alvin Khoo | Fifth Third Bank | GA Telesis | HSBC Bank Ian Koplin

JPMorgan Chase-Led Syndicate Provides $10B to Support McAfee Acquisition

McAfee, a global provider of online protection, entered into a definitive agreement to be acquired by an investor group, which obtained a commitment from a JPMorgan Chase Bank-led syndicate for nearly $10 billion in debt financing to support the transaction.

HSBC-Led Syndicate Provides $150MM Revolver to MarketWise

MarketWise entered into a loan and security agreement with a syndicate of five banks providing for a revolving credit facility of up to $150 million. HSBC Bank and BMO Capital Markets acted as joint lead arrangers and joint bookrunners, with HSBC as administrative agent.

JPMorgan, BofA, Barclays, Citibank and HSBC Extend and Expand Lear’s Revolver

Lear refinanced its existing credit facility, extending the maturity of the company’s revolving credit facility to October 2026 and increasing the facility’s size to $2 billion. Lenders under the new credit agreement include JPMorgan Chase Bank, BofA Securities, Barclays Bank, Citibank and HSBC Bank.

SVB-Led Syndicate Provides $120MM in Financing to Accuray

Accuray entered into a new five-year, $80 million term loan and $40 million revolving credit facility. Silicon Valley Bank acted as administrative agent and sole bookrunner for the new credit facility.

Barclays-Led Syndicate Extends and Upsizes Enviva Partners’ Revolver

Enviva Partners amended and restated its senior secured revolving credit facility. The amendment extends the maturity to April 2026 and increases the facility’s size to $525 million. Barclays is administrative agent and collateral agent on the amended and restated credit facility.

HSBC Agents New $1.65B Tronox Credit Facilities

Tronox Holdings refinanced its existing first lien term loan credit agreement with a new $1.3 billion term loan credit facility and existing revolving syndicated facility agreement with a new $350 million revolving facility. HSBC Bank served as administrative agent and collateral agent.

March 16, 2021 HSBC Bank | Tronox Holdings Rita Garwood

Citizens Amends Ribbon Communications’ Credit Agreement

Ribbon Communications executed a third amendment to its credit agreement. Citizens Bank, as administrative agent under the credit facility, led the amendment, which increased Ribbon’s existing term loan A credit facility by approximately $75 million.

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