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Press release

EU multicurrency syndicated RCF increased to USD4,265 million

27 February 2013 - Trafigura Beheer B.V. increases its European Multi-currency Syndicated Revolving Credit Facilities to USD 4,265 million following strong demand

Trafigura Beheer B.V. ("Trafigura" or the "Company") is pleased to announce the successful signing of its flagship European multi-currency syndicated revolving credit facilities (the "Facilities") totalling USD4,265 million. The Facilities, which initially launched at USD3,000 million, have been increased following a substantial oversubscription in syndication.

The new Facilities comprise:

  • USD1,360 million 364 day revolving credit facility with two 364 day extension options
  • USD2,905 million three year revolving credit facility with one 364 day extension option

The Facilities will be used to refinance the Company’s existing USD1,100 million 364 day facility dated 1 March 2012 and their USD2,554 million 3 year facility dated 8 March 2011, as well as for general corporate purposes.

Trafigura’s Chief Financial Officer, Pierre Lorinet, said: "This highly successful Facility will support Trafigura in its long-term growth strategy. It now crosses the USD4 billion bar having almost doubled in size over the last three years. I wish to thank the 50 participating banks for their involvement and confidence in Trafigura’s strength, resilience and growth potential. I am proud to note the ongoing and increased support offered by banking partners across Europe, Asia and the United States, including from new lenders from Europe, Latin America and the Middle East."

Trafigura mandated BNP Paribas, ING Bank N.V., Lloyds TSB Bank plc, Société Générale Corporate & Investment Banking, Standard Chartered Bank and The Royal Bank of Scotland plc as Mandated Lead Arrangers and Bookrunners to arrange the Facilities.

Trafigura’s relationship with the banking community continues to strengthen and deepen with a total of five Mandated Lead Arrangers and 39 additional financial institutions joining the six Bookrunners during syndication, including eight new lenders.




Further Information

For more information, please contact:

Trafigura's Global Press Office: +44 207 009 1708 or media@trafigura.com.

Or Lloyds Bank: Alex Geddes: +44 (0) 207 158 1471 or alex.geddes@lloydsbanking.com.

 

Note to editors

Trafigura is one of the world's leading international commodity traders, specialising in the oil, minerals and metals markets, with 81 offices in 56 countries in Europe, Africa, Asia, Australia, and North, Central and South America. The Group's primary trading businesses are the supply and transport of crude oil, petroleum products, renewable energies, coal, refined metals, ferrous and non-ferrous ores and concentrates. Trafigura 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 recent years, growing turnover from USD18 billion in 2004 to USD120.4 billion in 2012.

 

www.trafigura.com