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Press release

Trafigura Pte Ltd closes USD1.665 billion-equivalent Syndicated Revolving Credit Facility and Term Loan Facilities strongly supported by banks

Published on7 Oct 2016

Singapore, 7 October 2016 - Trafigura Pte Ltd (“Trafigura”), a market leader in the global commodities industry, announced the closure of its new Syndicated Revolving Credit Facility (“RCF”) and Term Loan Facilities (“TLF”) (the “Facilities”) at USD1.665 billion-equivalent today. The Facilities were oversubscribed and upsized from their initial launch amount of USD1.4 billion-equivalent. The transaction was strongly supported by the banking community with a total of 25 banks participating in the Facilities.

 

The new Facilities comprise a 364-day USD-denominated revolving credit facility (USD1,185 million), a three year USD term loan facility (USD290 million), as well as a Renminbi (CNH) denominated one year tranche (USD190 million). The new Facilities will refinance the maturing three year tranche from 2013 and the maturing one year RCF and one year CNH tranches from 2015. The Facilities will be used for general corporate purposes. This is the fourth year that a CNH tranche has been included.

 

“We are very pleased with the outcome of the syndication. Despite conditions in the syndicated loan market being more challenging our banks have demonstrated their continued commitment to and confidence in Trafigura’s growth plans,” said Christophe Salmon, Chief Financial Officer for Trafigura. “This also builds on the successful signing of our flagship European multi-currency syndicated revolving credit facilities totalling USD5.1 billion in March this year which was supported by 45 financial institutions. The fund-raising illustrates once again the strength and resilience of our diversified funding model, founded on a broad and stable set of banking relationships.”

 

Trafigura mandated Australia and New Zealand Banking Group Limited (“ANZ”), DBS Bank Ltd. (“DBS”), United Overseas Bank Limited (“UOB”) and Sumitomo Mitsui Banking Corporation (“SMBC”) as the Original Mandated Lead Arrangers and Bookrunners (“OMLABs”). Five Mandated Lead Arrangers and eleven financial institutions joined as well the Facilities during syndication.

 

CTBC Bank Co., Ltd. (“CTBC”) was the active Bookrunner (“CNH Active Bookrunners”) in connection with the CNH syndication of the Facilities. In addition, two CNH Mandated Lead Arranger and four financial institutions joined the CNH tranche of the Facilities during syndication.

 

ENDS

 

For further information please contact:

Trafigura’s Global Press Office: +41 (0) 22 592 4528 or media@trafigura.com

 

Notes to editors

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 48.8 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; 50 percent owned DT Group which specialises in logistics and trading; and Galena Asset Management. The Company is owned by over 600 of its almost 5,300 employees who work in offices in 37 countries around the world. Trafigura has achieved substantial growth over the last ten years, growing turnover from USD12 billion in 2003 to USD97.2 billion in 2015. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.

www.trafigura.com