Credit Suisse, ING Others Arrange BB Energy $245MM Revolver
Trading company BB Energy raised a $245 million revolving credit facility to refinance existing credit and for general corporate purposes.
Trading company BB Energy raised a $245 million revolving credit facility to refinance existing credit and for general corporate purposes.
Castleton Commodities International closed two credit facilities totaling $3.525 billion, including a committed borrowing base facility and a committed revolver. BNP Paribas and Citibank acted as administrative agents on the facilities.
Freepoint Commodities closed a $2.1 billion revolving bank facility. BNP Paribas served as administrative agent on the transaction.
GISA Netherlands received commitments from more than 15 banks to close its annual revolving credit facility for the eighth consecutive year. ING Bank led the revolver.
Multi-metals business Nyrstar refinanced its existing €500 million ($592.38 million) multi-currency structured commodity trade finance facility due to expire in June 2019 with a one year runoff period starting in June 2018.
Gunvor has signed a $1.39 billion revolving credit facility with a group of lenders. ABN AMRO Bank, Credit Agricole, Credit Suisse DBS Bank, ING Bank, Natixis, Rabobank, Société Générale Corporate & Investment Banking, UBS Switzerland and UniCredit Bank were mandated to arrange the facility.
Oriflame Cosmetics has signed a new Revolving Credit Facility amounting to €110 million ($131 million) in total with its existing core relationship banks HSBC Bank, ING Bank, Nordea, Raiffeisen Bank International and SEB.
Beacon Rail Leasing completed the acquisition of a fleet of railcar units
from subsidiaries of Lloyds Bank and the Royal Bank of Scotland. Debt financing was provided by Credit Agricole and ING Bank.
B2Gold secured an increase to $500 million for its revolving credit facility led by HSBC as administrative agent, sole lead arranger and sole book runner.
Lydian International entered into a $50 million secured credit facility with ING Bank to purchase equipment for Lydian’s Amulsar gold project in Armenia.