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US$200mn Syndicated Revolving Credit Facility Closed

 

November 13, 2008

 

Trafigura Beheer B.V. (“the Company”), the international commodities trading company, today announces the successful closing of the Company’s US$200 million syndicated revolving credit facility (the “Facility”).

 

Following strong support from institutions with an existing relationship with the Company, the Facility was closed amid global financial turmoil and a reduced level of liquidity in financial markets.

 

The Facility serves as a refinancing of the existing 1 year US$175 million 2007 facility, while also providing increased liquidity to the group.

 

Trafigura’s chief financial officer Pierre Lorinet said: “At a time of extraordinary financial market circumstances, we are very pleased with the banks' continued commitment which comes as a result of the strength and stability of our Company's operations”.

 

The Facility was arranged by Standard Chartered Bank, United Overseas Bank Limited and Westpac Banking Corporation, Singapore Branch (together the “Mandated Lead Arrangers and Bookrunners”).

 

The US$200 million revolving credit facility has a tenor of 364 days, with two 1 year extension options.

 

The Facility follows on from the recent US$1.6 billion multicurrency syndicated revolving credit facility successfully closed in March 2008 with mainly European banks.

 

The syndicate of Banks is comprised of the following:

 

Mandated Lead Arrangers and Bookrunners

Standard Chartered Bank

United Overseas Bank Limited

Westpac Banking Corporation, Singapore Branch

 

Lead Arrangers

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Australia and New Zealand Banking Group Limited

Sumitomo Mitsui Banking Corporation, Singapore Branch

 

Arranger

Oversea-Chinese Banking Corporation Limited

 

ENDS

 

For further information please contact:

 

Trafigura press office:

 

Tel: +44 (0) 207 009 1708

Email: 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, North America, Latin America, Africa, Asia and Australia. 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$ 51 billion in 2007.

 

For further information go to: www.trafigura.com