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Press release

Trafigura closes US$875million Syndicated Revolving Credit Facility

12 October 2011 - Trafigura Beheer B.V. (“Trafigura”), one of the world’s leading physical commodity trading companies, is pleased to announce the successful closure of the US$ 875 million syndicated facility (the “Facility”).  The Facility was oversubscribed and so upsized from the initial launch target of US$700 million, and will be used both to refinance existing bank facilities and for general corporate purposes.

The Mandated Lead Arrangers and Bookrunners who formed the syndicate for the new facility are Australia and New Zealand Banking Group Limited, DBS Bank Ltd, Standard Chartered Bank, National Australia Bank Limited - Singapore Branch, Oversea-Chinese Banking Corporation Limited and Sumitomo Mitsui Banking Corporation.

The Facility comprises of two tranches, a 364-day Revolving Credit Facility with two 364-day extension options that can be exercised at the end of year 1 and year 2, and a three-year Term Loan Facility. Borrowers under this facility are Trafigura Beheer B.V. and Trafigura Pte Ltd.

“We believe this is a considerable demonstration of the trust banks have in our business. Despite being a difficult lending environment these days, our relationships with the banks continues to strengthen and deepen,” said Pierre Lorinet, Trafigura’s CFO.

Original Mandated Lead Arrangers and Bookrunners
Australia and New Zealand Banking Group Limited                      
DBS Bank Ltd.                      
Standard Chartered Bank                  
National Australia Bank Limited                  
Oversea-Chinese Banking Corporation Limited                    
Sumitomo Mitsui Banking Corporation    
               

Mandated Lead Arrangers
United Overseas Bank Limited                    
Westpac Banking Corporation                      
ICBC (London) plc              
Agricultural Bank of China Limited, Singapore Branch                  
Commonwealth Bank of Australia – Singapore Branch          

Lead Arrangers
The Bank of Tokyo-Mitsubishi UFJ, Ltd.  

Arrangers
Chinatrust Commercial Bank Co., Ltd, Singapore Branch              
Banca UBAE S.p.A.              
KBC Bank N.V., Singapore Branch              
The Bank of East Asia, Limited, Singapore Branch              
Union De Banques Arabes Et Francaises                  
Zenith Bank (UK) Limited                
PT Bank Mandiri (Persero) TBK, Singapore Branch    
       
Hwatai Bank

 

 

Further Information

Trafigura Press Office
+44 207 009 1708 or
media@trafigura.com