Sonoco, a global packaging company, entered into a five-year, $750 million revolving credit facility with a syndicate of banks, with Bank of America serving as administrative agent.
SYNNEX entered into a new $5 billion credit facility consisting of a $1.5 billion term loan and a $3.5 billion revolving credit facility. Citigroup Global Markets is the joint lead arranger and joint bookrunner for the new revolving credit and term loan facilities.
WEX, a financial technology service provider, amended and restated its credit facility. The lenders agreed to a restatement agreement that increases commitments under WEX’s revolving credit facility from $870 million to $930 million.
NFI amended its existing $1.25 billion senior revolving credit facility and its £50 million ($67.6 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the $1.25 billion revolver and HSBC UK is the administrative agent for the UK credit facility.
Societe Generale, MUFG Bank, Natixis, Rabobank and ING Capital served as joint lead arrangers on a $1.7 billion one-year, senior secured borrowing base revolving facility for Mercuria’s North American operating entities.
MUFG Bank acted as administrative agent and first lien collateral agent on a $1.1 billion Climate Bonds Certified financing for Geysers Power Company, which is a wholly-owned subsidiary of Calpine.
MUFG Bank served as administrative agent on a $1.18 billion senior secured amended and restated credit agreement for Sprague Resources.
BNP Paribas is serving as administrative agent for a $2.565 billion revolving bank facility for Freepoint Commodities. ABN AMRO Capital, Coöperatieve Rabobank, ING Bank and Société Générale are serving as co-syndication and co-documentation agents.
MUFG Bank acted as facility agent for the renewal of Ryder System’s $300 million receivable-backed financing facility. The renewal provides an additional 364-day period. MUFG Bank and Mizuho Bank are serving as participating lenders.
According to an 8K filed with the SEC, Deutsche Bank, Bank of America, Credit Suisse, Truist Bank, Wells Fargo Bank, Fifth Third Bank, HSBC Bank USA and MUFG Bank upsized Marriott Vacations Worldwide’s warehouse credit facility to $531 million.