JPMorgan Agents $3B Facilities to Support Adient Spin-off

Adient Global closed a $1.5 billion term loan A and a $1.5 billion revolving credit facility. The net proceeds are intended to be used to make approximately $3 billion in cash tranfers to Johnson Controls in connection with its spin-off.

Vitol SA Increases Syndicated Revolver to $7B

Vitol SA announced that BNP Paribas, Credit Suisse, Deutsche Bank AG, ING Bank N.V., J.P. Morgan Limited, Lloyds and others acted as mandated lead arrangers and bookrunners for the company’s facility increase.

Deutsche Co-Arranges Gunvor Group Revolver

Gunvor Group signed a new, $500 million revolving credit facility to finance the working capital needs of the company’s refinery in Ingolstadt, Germany. UniCredit Bank AG and Deutsche Bank AG served as book-running mandated lead arrangers.