ING Capital Archives - Page 3 of 13

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.

Bank of Nova Scotia Upsizes Pretivm’s Credit Facility to $350MM

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.

August 10, 2021 Bank of Nova Scotia | ING Capital | Jacques Perron | Pretium Resources | SG Americas Securities Ian Koplin

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.

July 26, 2021 David B. Burritt | Goldman Sachs Bank | ING Capital | J.P. Morgan Securities | United States Steel Corporation Ian Koplin

ING Provides $225MM Star Mountain Capital Asset-Based Leverage Facility

Star Mountain Capital closed a $225 million asset-based leverage facility led by ING Capital. The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking Company and Customers Bank.

ING Capital Leads Extension of SVCP Credit Facility for BlackRock TCP Capital

BlackRock TCP Capital extended its SVCP credit facility by two years to May 6, 2026. Other amendments to the facility terms include a reduction in the stated interest rate to LIBOR plus 1.75%. ING Capital is leading the facility, which includes a total of seven bank participants.

June 25, 2021 BlackRock TCP Capital | Erik Cuellar | ING Capital Ian Koplin

BNP Paribas-Led Syndicate Provides $1.7B Borrowing Base Facility to Castleton Commodities

Castleton Commodities International closed on a $1.7 billion borrowing base facility. BNP Paribas, MUFG, Société Générale, Citibank, Coöperatieve Rabobank, Credit Agricole Corporate and Investment Bank and Natixis served as joint lead arrangers and joint bookrunners for the facility.

CIBC Arranges $125MM Increase to SSR Mining’s Revolving Credit Facility

SSR Mining amended its existing undrawn revolving credit facility, increasing the facility size from $75 million to $200 million. CIBC acted as the sole lead arranger, sole bookrunner and administrative agent in connection with the amended credit facility.

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