13 November 2008 - Trafigura Beheer B.V. (“the Company”), the international commodities trading company, today announces the successful closing of the Company’s US$200 million syndicated revolving credit facility (the “Facility”).
Following strong support from institutions with an existing relationship with the Company, the Facility was closed amid global financial turmoil and a reduced level of liquidity in financial markets.
The Facility serves as a refinancing of the existing 1 year US$175 million 2007 facility, while also providing increased liquidity to the group.
Trafigura’s chief financial officer Pierre Lorinet said: “At a time of extraordinary financial market circumstances, we are very pleased with the banks' continued commitment which comes as a result of the strength and stability of our Company's operations”.
The US$200 million revolving credit facility has a tenor of 364 days, with two 1 year extension options.
The Facility follows on from the recent US$1.6 billion multicurrency syndicated revolving credit facility successfully closed in March 2008 with mainly European banks.
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