Trafigura Pte Ltd closes USD1.945 billion-equivalent Syndicated Revolving Credit Facility and Term Loan Facilities

Singapore, 4 October 2018 - Trafigura Pte Ltd (“Trafigura”), a market leader in the global commodities industry, announced the closure of its new Syndicated Revolving Credit Facility and Term Loan Facilities (the “Facilities”) at USD1.945 billion-equivalent. The Facilities were oversubscribed and upsized from their initial launch amount of USD1.50 billion-equivalent, with 28 banks participating in the transaction.

The new Facilities comprise of a 365-day USD revolving credit facility (USD1,075 million), a 1-year CNH term loan facility (USD370 million) and a 3-year USD term loan facility (USD500 million). The new Facilities will be used to refinance the maturing 3-year term loan tranche from 2015 and the maturing 1-year USD and 1-year CNH tranches from 2017, as well as for general corporate purposes.

Christophe Salmon, Group Chief Financial Officer for Trafigura said: “We’ve demonstrated our strong access to committed sources of funding from banks across Asia Pacific, as well as from Middle Eastern and European banks who also participated in the Facilities. The continued support from the banking community has enabled Trafigura to build its market leading position. It’s also the sixth consecutive year that we’ve presented a CNH tranche to the syndicated bank loan market and the success of its subscription, alongside our growing Panda Bond programme, has confirmed Trafigura’s front-rank position among commodity traders in the offshore Renminbi centres.”

Trafigura mandated Australia and New Zealand Banking Group Limited (“ANZ”), Bank of China Limited, Singapore Branch (“BoC”), DBS Bank Ltd (“DBS”), Industrial and Commercial Bank of China Limited, London branch (“ICBC”), Oversea-Chinese Banking Corporation Limited (“OCBC”) and Sumitomo Mitsui Banking Corporation Singapore Branch (“SMBC”) as the Original Mandated Lead Arrangers and Bookrunners. In addition, three Mandated Lead Arrangers and thirteen financial institutions joined the USD tranches of the Facilities during syndication.

CTBC Bank Co., Ltd (“CTBC”) and ICBC were the active Bookrunners in connection with the CNH syndication of the Facilities. In addition, a CNH Mandated Lead Arranger and five financial institutions joined the CNH tranche of the Facilities during syndication.

ENDS

For further information please contact:

Trafigura’s Global Press Office: +41 22 592 45 28 or media@trafigura.com  

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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 49.6 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 around 600 of its 4,000 employees who work in 62 offices in 35 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD136 billion in 2017. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: www.trafigura.com