12 October 2011 - Trafigura Beheer B.V. (“Trafigura”), one of the world’s leading physical commodity trading companies, is pleased to announce the successful closure of the US$ 875 million syndicated facility (the “Facility”). The Facility was oversubscribed and so upsized from the initial launch target of US$700 million, and will be used both to refinance existing bank facilities and for general corporate purposes.
The Mandated Lead Arrangers and Bookrunners who formed the syndicate for the new facility are Australia and New Zealand Banking Group Limited, DBS Bank Ltd, Standard Chartered Bank, National Australia Bank Limited - Singapore Branch, Oversea-Chinese Banking Corporation Limited and Sumitomo Mitsui Banking Corporation.
The Facility comprises of two tranches, a 364-day Revolving Credit Facility with two 364-day extension options that can be exercised at the end of year 1 and year 2, and a three-year Term Loan Facility. Borrowers under this facility are Trafigura Beheer B.V. and Trafigura Pte Ltd.
“We believe this is a considerable demonstration of the trust banks have in our business. Despite being a difficult lending environment these days, our relationships with the banks continues to strengthen and deepen,” said Pierre Lorinet, Trafigura’s CFO.
Original Mandated Lead Arrangers and Bookrunners
Australia and New Zealand Banking Group Limited
DBS Bank Ltd.
Standard Chartered Bank
National Australia Bank Limited
Oversea-Chinese Banking Corporation Limited
Sumitomo Mitsui Banking Corporation
Mandated Lead Arrangers
United Overseas Bank Limited
Westpac Banking Corporation
ICBC (London) plc
Agricultural Bank of China Limited, Singapore Branch
Commonwealth Bank of Australia – Singapore Branch
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Chinatrust Commercial Bank Co., Ltd, Singapore Branch
Banca UBAE S.p.A.
KBC Bank N.V., Singapore Branch
The Bank of East Asia, Limited, Singapore Branch
Union De Banques Arabes Et Francaises
Zenith Bank (UK) Limited
PT Bank Mandiri (Persero) TBK, Singapore Branch
Trafigura Press Office
+44 207 009 1708 or firstname.lastname@example.org