2 November 2009 - Trafigura Beheer B.V., the international commodities trading company, today announces the successful closing of the Company’s syndicated revolving credit facility (the “Facility”), which was launched at US$505 million.
Following strong support from institutions in the Asian markets, the Facility was considerably oversubscribed and signed at an increased amount of US$700 million. The Facility serves as a refinancing of the existing 1 year facility, which closed in November 2008 at US$200 million.
Trafigura’s chief financial officer Pierre Lorinet said: “The success of the facility demonstrates the strong relationship we enjoy with the banking community as well as the banks’ confidence in Trafigura’s business model, which continues to be the driver behind the Company’s strong profitability.“
The Facility has a tenor of 364 days, with two 1 year extension options.
The Facility follows on from the US$520 million syndicated revolving credit facility successfully closed in March 2009 with mainly European banks.
Trafigura press office:
Tel: +44 207 009 1708 or email@example.com