Trafigura Pte Ltd closes USD1.6 billion-equivalent syndicated revolving credit facility and term loan facilities

Singapore, 20 October 2020 - Trafigura Group 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 USD1.6 billion-equivalent. The Facilities were oversubscribed and upsized from their initial launch amount of USD1.0 billion-equivalent, with 24 banks participating in the transaction.

The new Facilities comprise of a 365-day USD revolving credit facility (USD730 million), a 1-year CNH term loan facility (c. USD590 million equivalent) and a 3-year USD term loan facility (USD278 million). The new Facilities will be used to refinance the maturing 3-year term loan tranche from 2017 and the maturing 1-year USD and 1-year CNH tranches from 2019, as well as for general corporate purposes.

Christophe Salmon, Group Chief Financial Officer for Trafigura, said: “We demonstrated once again our strong access to committed sources of funding from the banking markets across Asia Pacific and the Middle East, despite unprecedented volatility throughout the syndication period. Trafigura’s strong business and financial performance during this period and our partnership-driven approach secured our banking partners into the Facilities. The closing amount, above last year’s level, is a strong vote of confidence in the quality of our credit and strength of our business. We also benefited from a ‘flight-to-quality’ as Trafigura presents a safe-haven in turbulent times for banks active in the commodity trading sector. I was particularly pleased with another record level reached under the CNH tranche, which confirms Trafigura’s front-ranking position among commodity traders in the offshore Renminbi centres and demonstrates the benefit of our financial diversification strategy.”

Trafigura mandated Standard Chartered Bank (Singapore) Limited (“SCB”) and Sumitomo Mitsui Banking Corporation Singapore Branch (“SMBC”) as the Mandated Lead Arrangers and Bookrunners. SCB acted as Global Coordinator of the transaction. Development Bank of Japan Inc. (“DBJ”) acted as Mandated Lead Arranger in connection with the syndication of the 3-year USD term loan facility. In addition, fifteen financial institutions joined the USD tranches of the Facilities during syndication.

Agriculture Bank of China Shanghai Huangpu Branch (“ABC”) and China Construction Bank Shanghai Pudong Sub-branch (“CCB”) were the Mandated Lead Arrangers and Bookrunners in connection with the CNH syndication of the Facilities. In addition, six financial institutions joined the CNH tranche of the Facilities during syndication.

ENDS

For further information, please contact:

Trafigura Press Office: +41 (0) 22 592 45 28 or media@trafigura.com

Notes to editors

About Trafigura

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 a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management.

The Company is owned by around 700 of its 8,000 employees who work in 80 offices in 41 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD171.5 billion in 2019. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.

For more information please visit: www.trafigura.com