Protective Life Corporation and its principal subsidiary, Protective Life Insurance, closed a five-year, $1.5 billion sustainability-linked revolving credit facility, which replaces its current $1 billion revolving credit facility. Regions Bank is the administrative agent for the facility.
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.
Sabre Corporation refinanced a portion of its existing indebtedness. The refinancing included the application of the proceeds of a new $625 million term loan B facility. Bank of America is the administrative agent and the collateral agent for the credit agreement.
Syniverse, a global technology provider of mission-critical mobile platforms for carriers and enterprises, completed the syndication of $1 billion in senior secured term loan commitments to refinance its capital structure, subject to customary conditions, including satisfactory definitive documentation.
Iveco Group signed a €1.9 billion ($2.14 billion) syndicated facility with a syndicate of banks that includes BBVA, Barclays, BNP Paribas, BofA Securities, Citi, Deutsche Bank, Intesa Sanpaolo and Mediobanca – Banca di Credito Finanziario.
Ryder executed a five-year, $1.4 billion global revolving credit facility, which includes 11 global institutions and will expire on Dec. 14, 2026. BofA Securities and MUFG Bank acted as joint bookrunners and joint lead arrangers for the facility.
Bunge closed on the refinancing of its $1.75 billion, three-year revolving credit facility. BNP Paribas, Credit Agricole, ING Bank, Natixis and Sumitomo Mitsui Banking Corporation served as active bookrunners, mandated lead arrangers and coordinators on the transaction.
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.
Eastman Chemical Company amended and extended its $1.5 billion five-year unsecured revolving credit facility. The amended credit agreement was entered into with 15 banks, led by Citibank as administrative agent, joint lead arranger and co-sustainability agent.
Digital Realty amended its existing global revolving credit facility and Japanese yen-denominated revolving credit facility. BofA Securities and Citibank are the sustainability structuring agents for the global revolver and SMBC is the sustainability structuring agent for the yen-denominated revolver.