HSBC Archives - Page 2 of 15

BHI Restructures Business Team to Accommodate Expansion

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, Helaba and NORD/LB Upsize 8minute’s Credit Facility to $350MM

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 To Acquire Majority Stake in PA Consulting, Provide $975MM in Debt Financing

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.

ING Agents Renewed Borrowing Base Credit Facility for Gerald Group

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-Led Syndicate Refinances Oryx’s Credit Facility

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-Led Syndicate Arranges $269.99MM in Financing for Tarkett

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.

SEB Leads Amendment of Alfa Laval Revolver

SEB, BNP Paribas, Danske Bank, Handelsbanken, HSBC, ING, Nordea Bank, Standard Chartered, Alfa Laval

ING Bank Refinances Revolving Credit Facility for Royal Boskalis Westminster

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.

Bank of Tokyo-Led Syndicate Amends $600MM Term Loan to Etablissements Maurel & Prom

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.

Trade Finance Market to Grow 4% by 2024

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.

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