21 Banks Close $2.2B Revolver for Groupe Casino

Groupe Casino signed a new €2 billion ($2.2 billion) revolving credit facility, which will mature in October 2023, as part of its refinancing plan. Twenty-five banks joined the syndicate.

NatWest Launches Blockchain-based Syndicated Loan Platform

NatWest is integrating a new blockchain-based platform that aims to dramatically transform and streamline the global syndicated loans market. The new platform is set to go live from November 2018.

Rabobank, Santander, Others Support Sainsbury Acquisition of Asda

Reuters reported UK supermarket Sainsbury’s closed £3.5 billion ($4.5 billion) in syndicated loans in order to facilitate an acquisition of Walmart’s Asda, which is valued at £7.3 billion ($9.7 billion).

NatWest Provides $62.8MM Canadian Solar Refi

Canadian Solar secured £49.3 million ($62.8 million) non-recourse term loan facilities from National Westminster Bank to refinance a portfolio of 10 solar power plants.