Citi, Mizuho Bank Lead Sasol Upsize to $3.9B
Sasol, a South African chemicals and energy company, increased its existing revolving credit facility from $1.5 billion to $3.9 billion.
Sasol, a South African chemicals and energy company, increased its existing revolving credit facility from $1.5 billion to $3.9 billion.
Gunvor USA, a subsidiary of Gunvor Group, successfully closed the syndication of its $875 million borrowing base credit facility. Rabobank served as administrative agent and active bookrunner.
Netherlands-based bottler Refresco will acquire Cott’s bottling activities for $1.25 billion. Reuters reported J.P. Morgan led the financing to support the transaction.
Reuters reported that Barclays, Nomura and UBS led the leveraged loan financing to support Bain Capital and Cinven’s buyout of German drug maker Stada.
Trevali Mining completed the acquisition of a portfolio of zinc assets from Glencore and certain of its subsidiaries. Scotiabank and SG America Securities served as co-lead arrangers for a $160 milllon term loan and a $30 million revolver to support the transaction.
Reuters reported that U.S. authorities have charged two former managers at Societe Generale with participating in a scheme to manipulate the LIBOR benchmark rates.
Marie Brizard Wine & Spirits (MBWS) refinanced its senior debt of €62.5 million ($73.3 million) with a new syndicated credit facility of €77.5 million ($90.9 million).
B2Gold secured an increase to $500 million for its revolving credit facility led by HSBC as administrative agent, sole lead arranger and sole book runner.
Peninsula Petroleum signed a new $200 million receivables finance facility with a syndicate led by RBS Invoice Finance. The facility also contains an option to increase overall funding by a further $50 million.
Royal Philips signed an agreement with a consortium of 16 banks for a new €1 billion ($1.09 billion) revolving credit facility with an interest rate that will be dependent on the company’s year-on-year sustainability performance improvement.