Commerzbank, Danske Bank and ING Bank served as coordinating mandated lead arrangers and bookrunners on a new multi-currency revolving credit facility for Securitas AB in the amount of $920.68 million.
Volkswagen closed a €10 billion ($11 billion) five-year revolving credit facility with Citigroup, Credit Agricole and UniCredit as arrangers and coordinators.
The ALSO Group completed a new €300 million ($331 million) revolving credit facility that marks the successful Europe-wide technology provider’s debut in the syndicated credit market.
Reuters reported that a banking group led by J.P. Morgan, Societe General and Unicredit will aid Beijing Sanyuan Foods and Chinese conglomerate Fosun Group in their acquisition of St. Hubert, a French margarine maketer, by launching a €270 million ($315 million) leveraged loan financing.
Glennmont Partners has successfully completed the refinancing of SER, one of Italy’s largest operating wind portfolios, for €190 million ($220 million).
Oxea, a global manufacturer of oxo chemicals, closed a €900 million ($1.06 billion) equivalent first lien term loan. The company also entered into a new and significantly upsized €137.5 million ($162 million) six-year revolving credit facility.
Reuters reported German metering group Techem has launched a €1.75 billion ($1.99 billion) refinancing that will be offered with portability, enabling the new loans to stay in place if a sale goes ahead.
The Wall Street Journal reported that Rome-based UniCredit, Italy’s largest bank by assets, plans to raise $14 billion, shed $19 billion of bad loans and cut thousands of jobs.