Global Trade Finance Market Forecast to Grow at 3.77% in 2016-2020
According to a recent report by Technavio, the global trade finance market is expected to grow at a compound annual growth rate of 3.77% during 2016-2020.
According to a recent report by Technavio, the global trade finance market is expected to grow at a compound annual growth rate of 3.77% during 2016-2020.
A syndicate of five banks, comprising Lloyds, Barclays, HSBC, Wells Fargo and DBS, has reduced the size of international energy services group Hunting’s committed revolver to $200 million from $350 million.
Elizabeth Arden amended its existing credit facility to permit certain of its foreign subsidiaries to make borrowings under the amended credit facility.
Sotheby’s extended a credit agreement originally dated August 22, 2014, with an international syndicate of lenders. GE Capital served as administrative agent, collateral agent and a lender on the original transaction.
HSBC Private Bank has appointed Joe Abruzzo as business head of North America.
Avigilon has amended its existing senior secured credit facility to, among other things, extend its maturity date to April 7, 2019. HSBC served as administrative agent for the transaction.
AMG Advanced Metallurgical Group closed a new facility, increasing its borrowing ceiling from $320 million to $400 million. The maturity has been extended from May 2018 to July 2021. HSBC coordinated the financing.
Baker Hughes entered into a new five-year $2.5 billion revolving credit facility that expires in July 2021. JP Morgan Chase served as administrative agent for the transaction.
BofA Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC and JP Morgan have agreed to provide a credit facility to support Bayer’s proposed acquisition of Monsanto in a deal valued at approximately $65 billion. Bayer increased its bid in a recent proposal to shareholders.
The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet.