WSJ: Big Banks Lose Nearly Half a Trillion Dollars in 2016
The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet.
The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet.
Royal Caribbean Cruises entered into credit agreements for the financing of ships scheduled for delivery in fall 2018 and the first half of 2020. Citibank Europe served as facility agent.
Wabtec has signed a new bank agreement that includes a $1.2 billion revolving credit facility and a $400 million term loan. The 23-bank group was led by PNC as administrative agent.
Alacer Gold signed a $350 million senior secured project finance facility with BNP Paribas, ING Bank, Societe Generale and UniCredit Bank Austria.
Fortum has signed a €1.75 billion ($1.97 billion) syndicated multicurrency revolving facility agreement. The Royal Bank of Scotland and Nordea Bank acted as coordinators for the transaction.
First Quantum completed a new $907.5 million term loan and $907.5 million revolver arranged by BNP Paribas, Barclays, Societe Generale and Standard Chartered Bank.
Noble Group closed a $2 billion revolving borrowing base facility with a a group of banks led by The Bank of Tokyo-Mitsubishi and Société Générale as joint lead arrangers and joint bookrunners.
InterOil entered into a new $400 million senior secured capital expenditure facility arranged by Australia and New Zealand Banking group as sole mandated lead arranger and bookrunner.
Ocean Yield ASA received a commitment from a bank group for a $202.5 million credit facility to finance three liquefied ethylene gas carriers. The facility was arranged by ABN AMRO, Credit Agricole, Societe Generale and Sumitomo Mitsui Europe.
Trafigura Group successfully signed a European multi-currency syndicated revolving credit facilities totaling $5.1 billion. In a separate agreement, Trafigura closed a ¥46 billion ($413 million) three year term loan.