ING Agents $725MM Gunvor Facility
Gunvor closed a $725 million borrowing base facility, which will provide working capital for refining activities in the Amsterdam-Rotterdam-Antwerp region. ING was coordinator and the facility and security agent.
Gunvor closed a $725 million borrowing base facility, which will provide working capital for refining activities in the Amsterdam-Rotterdam-Antwerp region. ING was coordinator and the facility and security agent.
sPower, a private owner of utility-scale solar operating assets, completed a $434 million tax equity investment and construction/term loan. KeyBanc Capital Markets acted as coordinating lead arranger.
Greif, a provider of industrial packaging products and services, entered into a new $1.1 billion senior secured credit facility that matures in 2021. JPMorgan Chase served as administrative agent.
Rabobank made several senior-level staffing changes and additions to its Corporate Clients franchise in North America, reflecting the bank’s strategy of developing its knowledge in the food and agribusiness sector.
Olam International, a global agri-business operating in 70 countries, secured a revolving credit facility aggregating $2 billion with an international syndicate of more than 20 banks.
Kellogg acquired Ritmo Investimentos, controlling shareholder of Brazilian food group Parati Group. The move comes after Kellogg added Bank of Tokyo-Mitsubishi to its accounts receivables purchase facility agented by Rabobank.
Gunvor USA completed a $500 million borrowing base credit facility, which will support the company’s newly established operations in the U.S. Rabobank served as administrative agent for the transaction.
Jack in the Box completed an amendment to its existing senior credit facility, increasing it to $1.6 billion. Wells Fargo was administrative agent for the transaction.
Aegean Marine Petroleum renewed its $1 billion secured global borrowing base multicurrency revolving credit facility and $250 million secured U.S. borrowing base revolving credit facility. ABN AMRO served as agent in all capacities.
Gregory Hutton has been appointed as Rabobank’s new regional head of Project Finance, Americas, based in New York.