ING Bank coordinated the refinancing of Royal Boskalis Westminster’s revolving credit facility, which will provide the company with €500 million ($547.37 million) in committed bank financing until April 2025.
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 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.
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).
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.