Castleton Commodities International closed a $2.2 billion borrowing base facility consisting of a $1 billion 18-month tranche and a $1.2 billion two-year tranche. The facility also includes a $1 billion accordion, which remains available to support future liquidity needs and growth.
United States Steel completed an amendment and restatement of its $1.75 billion asset-based sustainability-linked credit facility. JPMorgan Chase served as administrative agent.
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.
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.
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.
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.
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.
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.
Pretivm amended its existing credit facility on favorable terms, increasing the loan facility size to $350 million from its current $300 million. The Bank of Nova Scotia acted as administrative agent for the refinanced facility.
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.