Asian RCF Oversubscribed
22 October 2010 - Trafigura Beheer B.V., the international commodities trading company, today announces the successful closing of the Company’s syndicated Revolving Credit Facility and Term Loan Facility (the “Facility”), which were launched together at US$850 million.
Following strong support from institutions in the Asian markets, the Facility was considerably oversubscribed and signed at an increased amount of US$1,075 million.
Trafigura’s chief financial officer Pierre Lorinet said: “For the fifth consecutive time, Trafigura has successfully demonstrated the wide appeal that our name can command in the Asian syndicated loan market. We are extremely pleased with the strong and reiterated support from the banking community which has enabled the Company to continue its growth strategy in Asia and elsewhere in the world. The considerable oversubscription confirmed the banks’ confidence in the strength and resilience of the Company’s business model.”
The Facility follows on from the success of Trafigura’s US$2,325 million syndicated Revolving Credit Facility, aimed predominantly at its European banks, which closed in March this year.
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