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.
ING Bank coordinated the refinancing of Royal Boskalis Westminster’s revolving credit facility, which will provide the company with €500 million ($547.37 million) in committed bank financing until April 2025.
Etablissements Maurel & Prom signed an amendment agreement to re-profile the repayment of a $600 million term loan with the Bank of Tokyo-Mitsubishi UFJ, Natixis, PT Bank Mandiri, Sumitomo Mitsui Banking, Crédit Agricole, DBS, ING, HSBC and PT Bank Negara Indonesia.
The global trade finance market will grow at a CAGR of more than 4% or by $11.25 billion between 2020 and 2024, according to research and advisory company Technavio.
iClick Interactive Asia Group has entered into a credit facility of more than $30 million with HSBC across working capital and general corporate support.
Allied Motion has obtained a new senior secured revolving credit facility of $225 million with an accordion feature allowing expansion up to $300 million.