Latest News

ICG orders new cruise ferry

ICG intends to use a combination of existing cash and loans to finance the newbuild.

BIDV raises $350m working capital loan

The loan was launched at $100 million with a further $100 million accordion option. However, bank appetite was such the facility - led by Cathay United Bank - was finally upped to $350 million.

Bonanza Creek overdrawn after redetermination

The company’s credit facility was slashed from $475 million as the value of the company’s assets fell, however $288 was already borrowed.

Trilogy Energy suffers borrowing base cut

The loan will mature in one year and 11 months, although it will be subject to another review before the end of the year.

AES Panama raises $525m for Colon project

The sponsors – AES and Grupo Motta – have also approached development banks and ECAs – including the IFC, IDB, Kexim and DEG Bank – for a potential second tranche of debt. If that facility goes ahead, commercial bank takes are likely to be reduced.

OHB SE refinances with €225m revolver

The refinancing has been put in place early to take advantage of lower interest rates and the new deal has a “substantially lower margin” according to the borrower.