Ericsson signed a $2 billion sustainability-linked revolving credit facility, renewing an undrawn $2 billion credit facility signed in 2013. HSBC and SEB acted as coordinators for the facility, with SEB also acting as sustainability coordinator. Swedbank is the facility agent.
Gerald Group, an independent and employee-owned metals trading house, refinanced GT Commodities’ borrowing base facility at $450 million. GT Commodities is Gerald Group’s North American trading hub.
HSBC Global Commercial Banking appointed Martin Richards global head of sustainable finance and client infrastructure for commercial banking. In this role, he will focus on delivering sustainable finance solutions that support the full ecosystem surrounding HSBC’s clients’ transition ambitions.
BHI restructured its business team, appointing John Yoler head of BHI Commercial & Industrial and Gal Defes head of international C&I, high tech and investment services. In addition, Steven Caligor was appointed head of BHI’s commercial real estate division.
Deutsche Bank, Landesbank Hessen-Thüringen (Helaba) and Norddeutsche Landesbank (NORD/LB), along with existing lenders, expanded 8minute Solar Energy’s $225 million revolving credit facility to $350 million.
Jacobs is acquiring a 65% stake in PA Consulting and also providing debt financing in the form of a £650 million ($845 million) term loan and a revolving credit facility of up to £100 million ($130 million) to fund future growth.
Gerald Group renewed its North American syndicated borrowing base credit facility, as its trading hub, GT Commodities, closed its $240 million facility with an oversubscription from an initial launch amount of $175 million. ING Capital was lead lender and administrative agent.
HSBC, Commerzbank, DZ Bank, Rabobank, NRW Bank and Sparkasse Düsseldorf collaborated on the refinancing of €80 million ($94.11 million) of Oryx Stainless Group’s previous €100 million ($117.64 million) credit facility.
BNP Paribas, Groupe Crédit Agricole, Commerzbank, HSBC, Société Générale, BECM and La Banque Postale will provide Tarkett with a $192.85 million short term revolving credit facility as part of a total of $269.99 million of additional financing.