Tag Archives: ING Capital

Citizens, TD and Wells Fargo Increase Sustainability-Linked Loan to $1.75B for Aligned Data Centers

Aligned Data Centers increased its sustainability-linked loan from $375 million to $1.75 billion to accelerate its next phase of strategic growth and expansion. TD Securities, Wells Fargo Securities and Citizens Bank acted as joint bookrunners and joint lead arrangers for the facility.

ING, PNC, Fifth Third, BofA and BMO Provide $350MM Credit Facility to Green Plains

Green Plains completed a five-year, $350 million senior secured sustainability-linked revolving credit facility to support general corporate and working capital needs of the company. ING Capital, PNC, Fifth Third, Bank of America and BMO Harris Bank served as joint lead arrangers.

BNP Paribas-Led Syndicate Renews Credit Facility for Tenaska Marketing Ventures

Tenaska Marketing Ventures, the natural gas marketing affiliate of Tenaska, completed a renewal and increase of its committed borrowing base facility that provides up to $2 billion for a four-year term maturing in March 2026.

Societe Generale-Led Syndicate Provides $2.2B Credit Facility to Mercuria

Mercuria’s North American operating entities closed a multi-year, $2.2 billion senior secured borrowing base credit facility. Societe Generale acted as administrative agent and collateral agent for the facility.

ING Capital Leads $450MM Borrowing Base Facility to Support Gerald Group’s Refinancing

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.

Bank of America Amends and Extends Rite Aid’s $3.15B Credit Agreement

Rite Aid entered into an amendment to its senior secured credit agreement, which consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million first in, last out senior secured term loan. Bank of America will continue to act as administrative agent for the facilities.

ING Leads $300MM Expanded Syndicated Financing for Auramet

ING Capital led a $300 million syndicated financing on behalf of Auramet Trading and Auramet International, a precious metals merchant. ING acted as mandated lead arranger, bookrunner and administrative agent on the oversubscribed deal, which closed on July 30.

J.P. Morgan Securities, ING Amend U.S. Steel’s $2B ABL to Include Sustainability Targets

J.P. Morgan Securities and ING Capital amended U.S. Steel’s $2 billion asset-based revolving credit facility to include an increase or decrease in the margin payable based on achievement of targets related to carbon reduction, safety performance and facility certification by ResponsibleSteel.