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ING Group is a large financial services company that provides banking, investments, and insurance. It operates by combining banking and insurance services for individuals and businesses, offering products like savings accounts, loans, payments, asset management, and insurance through a global network and digital channels. Its distinction comes from its long history of mergers (Nationale-Nederlanden and NMB Postbank) that created an integrated financial group, its substantial European footprint, international reach, and ability to manage both banking and insurance within one organization. The company aims to help customers manage money and risk across Europe and beyond, with services spanning retail and corporate banking, investment products, and insurance.
Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Amsterdam, Netherlands
Founded
1991
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Total Funding
$3B
Above
Industry Average
Funded Over
1 Rounds
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Petredec, an international LPG trading and transport company, has signed a $355 million development finance institution-backed loan for seven of its segregated portfolio companies. The seven-year financing, which closed on 7 August, is secured by seven very large gas carriers. ING acted as sole bookrunner, coordinating bank, and account bank for the transaction. The deal involves seven of Petredec's portfolio companies, which operate in the liquefied petroleum gas sector. The financing structure uses the gas carriers as collateral, providing security for the DFI-backed loan facility.
Dutch bank ING has priced a dual-tranche covered bond offering worth €1.75 billion. The deal comprises a €750 million 8-year tranche and a €1 billion 12-year tranche. The 8-year tranche carries a 3.500% annual coupon, maturing on 14 September 2034. It was priced at mid-swaps plus 27 basis points with a yield of 3.603%. The 12-year tranche has a 3.75% annual coupon and matures on 14 September 2038. It was priced at mid-swaps plus 38 basis points, yielding 3.828%. Settlement is scheduled for 14 September 2026. BBVA, Commerzbank, DZ Bank, Erste Group, ING, NatWest and Santander served as lead managers for the transaction.
Swift Current Energy has secured a $750 million corporate credit facility, with an option to expand by $250 million to reach $1 billion in total capacity. The facility will support the development of clean energy projects across the United States. Crédit Agricole CIB served as administrative agent and coordinating lead arranger alongside ING Capital and Truist Securities. The dual-tranche facility has a three-year term and provides flexible access to cash and letter of credit capacity. Since its founding in 2016, Swift Current has commercialised 5 gigawatts of clean energy projects, owns and operates more than 1 gigawatt, and has over 10 gigawatts in development. Chief executive officer Michael Arndt said the financing provides flexibility to advance the company's platform and bring new energy resources online efficiently.
Flexential has secured an $800 million credit facility to fund data centre development across four US markets. The financing will support more than 130 MW of new capacity, including facilities under construction in Atlanta-Douglasville (36 MW), Portland-Hillsboro (36 MW), and Denver-Parker (22.5 MW). The facility was oversubscribed and increased 60% from an initial $500 million target. It is backed by an 11-bank syndicate, with TD Securities as administrative agent. The funding complements equity investment from Flexential's sponsors, GI Partners and MSIP. CEO Ryan Mallory said the financing enables the company to invest ahead of enterprise and AI-driven infrastructure demand. Flexential operates 40 data centres across 18 markets in the US.
DataVita has secured a £300 million debt facility to expand and build two data centres in Scotland's North Lanarkshire AI Growth Zone. The financing, backed by a £202 million guarantee from the National Wealth Fund, comes from a syndicate including ING, ABN AMRO, Santander, the Scottish National Investment Bank and Siemens Financial Services. The investment will expand DataVita's existing DV1 data centre and fund construction of a new facility, DV3. Both are contracted to AI cloud firm CoreWeave under a 15-year lease. The developments will create around 600 construction jobs and approximately 100 permanent high-skilled positions. DataVita, Scotland's largest independent data centre operator, has served the country's digital infrastructure for over ten years. The project marks the National Wealth Fund's first support for domestic compute capacity, aligning with the government's Compute Roadmap and Scotland's AI strategy.
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Industries
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Amsterdam, Netherlands
Founded
1991
Find jobs on Simplify and start your career today