Wabtec signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility.
Origis Energy, a renewable energy platform, closed a $375 million credit facility for its solar and energy storage development project pipeline.
Vobile Group secured more than $127 million in financing for its proposed acquisition of Particle Culture Technology Group in China. Solely led by HSBC, the bespoke financing package is comprised of a senior bilateral facility as well as private credit funds.
Tangelo, a financial technology company in Latin America specializing in alternative credit, closed a credit facility for $3 billion Mexican pesos ($149.7 million) with HSBC.
The Children’s Place refinanced its revolving credit facility and term loan with a new lending group led by an affiliate of Wells Fargo. The new debt consists of a revolving credit facility with $350 million of availability and a $50 million term loan.
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.