The Wall Street Journal reported that John Flint, who become HSBC’s CEO last February, is stepping down. Noel Quinn, HSBC’s global commercial banking head, will serve as interim CEO.
Keywords Studios closed a €140 million ($155 million) revolving credit facility with a bank group including Barclays, Citibank, HSBC and Silicon Valley Bank.
Macro Enterprises finalized its new $145 million senior secured credit facilities announced in April. HSBC Bank Canada is the lead lender, and acted as agent to the lending syndicate that includes National Bank of Canada and Bank of Montreal.
HSBC Bank Canada served as administrative agent, lead arranger and sole bookrunner on amendments which reduced the commitment on Western Energy’s syndicated revolving first lien credit facility from $70 million to $50 million.
Rallye signed a $581.4 million credit facility with five of its core banks: BNP Paribas, Credit Agricole CIB, Credit Industriel et Commercial, HSBC and Natixis.
Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. Bank of America Merrill Lynch is leading the syndication.
The Hut Group secured a new $1 billion banking facility to fund further acquisitions. Citibank, JPMorgan, Barclays, HSBC and Santander provided the enlarged facility.
Reuters reported Norwegian satellite navigation group Marlink has withdrawn its €622 million ($725 million) dividend recapitalization loan.
CEVA Logistics launched a proposed refinancing of the majority of its existing debt facilities with the objective of achieving lower interest rates, longer maturities and enhanced liquidity to pursue its strategy. Credit Suisse and HSBC are acting as joint global coordinators across the refinancing.