Citi, Mizuho Bank Lead Sasol Upsize to $3.9B
Sasol, a South African chemicals and energy company, increased its existing revolving credit facility from $1.5 billion to $3.9 billion.
Sasol, a South African chemicals and energy company, increased its existing revolving credit facility from $1.5 billion to $3.9 billion.
Olam International secured a revolving credit facility $1.75 billion. Olam Treasury, a 100%-owned subsidiary of Olam, is a co-borrower.
Sabre refinanced its term loan B credit facility, term loan A credit facility and revolving credit facility with Bank of America serving as administrative and collateral agent. No new indebtedness was added.
JPMorgan Chase served as administrative agent for NuStar Logistics, which upsized its facility from $1.5 billion to $1.75 billion.
MPLX entered into a five-year, $2.5 billion credit agreement with Wells Fargo Bank as administrative agent for the lender group.
KKR Capital Markets Holdings entered 364-day revolving credit agreement with Mizuho Bank for up to $750 million.
CenterPoint Energy amended its credit agreement with JPMorgan Chase as administrative agent, increasing commitments from $1.6 billion to $1.7 billion. Wells Fargo and Mizuho Bank acted as agents for credit agreements for its subsidiaries.
Royal Philips signed an agreement with a consortium of 16 banks for a new €1 billion ($1.09 billion) revolving credit facility with an interest rate that will be dependent on the company’s year-on-year sustainability performance improvement.
Subsidiaries of Singapore Telecommunications Limited entered into agreements for total credit facilities of approximately S$4.1 billion ($2.94 billion) for general corporate purposes and refinancing of existing facilities. Bank of America, BNP Paribas and Citibank were part of 12-bank syndicate.
Silgan Holdings amended its existing facility to provides additional borrowing capacity including $800 million to fund an acquisition. Wells Fargo Securities, Merrill Lynch, Goldman Sachs and others arranged the amended credit facility.