Rabobank served as administrative agent for an amendment to Herbalife Nutrition’s existing credit agreement, which increased borrowing capacity, extended the maturity date and reduced the interest rate applicable to its $250 million revolver and $234 million term loan A facility.
Maple Leaf Foods has become the first company in Canada to secure sustainability-linked terms for its credit facilities. BMO Capital Makets acted as sustainability structuring agent.
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.
Dean Foods and substantially all of its subsidiaries have initiated voluntary Chapter 11 reorganization proceedings in the Southern District of Texas.
ING Capital led a $300 million syndicated financing on behalf of GT Commodities, the North American trading hub for Gerald Group, the world’s largest employee owned metals merchant.
Pipeline Foods completed the renewal and syndication of its operating line led by Rabobank, and including ING Capital and CoBank in the syndicate.
Mechanics Bank and Rabobank International have received regulatory approval for the pending acquisition of Rabobank — Rabobank’s California-based and primarily retail bank — by Mechanics.
Dean Foods has successfully increased the company’s borrowing base availability to $265 million under its senior secured revolving credit facility. Rabobank served as administrative agent for the transaction.
Following the strategic combination of the Mechanics Bank and Rabobank, John DeCero, president and CEO of Mechanics Bank, and Mark Borrecco, CEO of Rabobank, will serve as Co-CEOs of the new organization.