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.
Bloomberg reported that Volkswagen plans to extend the maturity of a €20 billion ($21 billion) credit facility as talks proceed with U.S. authorities over fines following a diesel-emissions scandal.
Constantia Flexibles Group repriced, amended and upsized its cross-border term loan B facility. J.P. Morgan, UniCredit and Bank of America Merrill Lynch arranged the transaction.
The European Bank for Reconstruction and Development has joined UniCredit in a $150 million project financing term loan facility for Centerra Gold’s Oksut Project in Turkey.
AMG Advanced Metallurgical Group closed a new facility, increasing its borrowing ceiling from $320 million to $400 million. The maturity has been extended from May 2018 to July 2021. HSBC coordinated the financing.
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.
Uniper signed credit facilities with an international consortium of renowned banks including JPMorgan, Deutsche Bank AG and UniCredit AG to secure €5 billion ($5.67 billion) to support its spin-off from EON.