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US$700 million Syndicated Revolving Credit Facility Closed Considerably Oversubscribed

 

2 November, 2009

 

Trafigura Beheer B.V., the international commodities trading company, today announces the successful closing of the Company’s syndicated revolving credit facility (the “Facility”), which was launched at US$505 million.

 

Following strong support from institutions in the Asian markets, the Facility was considerably oversubscribed and signed at an increased amount of US$700 million. The Facility serves as a refinancing of the existing 1 year facility, which closed in November 2008 at US$200 million.

 

Trafigura’s chief financial officer Pierre Lorinet said: “The success of the facility demonstrates the strong relationship we enjoy with the banking community as well as the banks’ confidence in Trafigura’s business model, which continues to be the driver behind the Company’s strong profitability.“

 

The Facility has a tenor of 364 days, with two 1 year extension options.

 

The Facility follows on from the US$520 million syndicated revolving credit facility successfully closed in March 2009 with mainly European banks.

 

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For further information please contact:

 

Trafigura press office:

 

Tel: +44 207 009 1509

media@trafigura.com

 

Notes to Editors

Trafigura is one of the world’s leading international commodity traders, specialising in the oil, minerals and metals market, with 54 offices in 37 countries in Europe, Africa, Asia, Australia, and North, Central and South America. Its principle corporate offices are in Amsterdam, London and Lucerne.

 

Trafigura’s primary trading businesses are the supply and transport of crude oil, petroleum products, natural gas, liquefied natural gas, metals (including copper, lead, zinc and aluminium) and metal ores and concentrates.

 

It is the world’s second largest independent non-ferrous trading company and the third largest independent oil trader.

 

Founded in 1993, the company is owned by its founding shareholders and senior management. It has achieved substantial growth in the last five years, growing turnover from US$12 billion in 2003 to US$73 billion in 2008.

 

For further information go to: http://www.trafigura.com/