Trafigura RCF increased to USD1.1 billion
Trafigura Beheer B.V.'s multicurrency syndicated revolving credit facility increased to USD 1.1 billion
5 March 2012 - Trafigura Beheer B.V. (“Trafigura”) is pleased to announce the successful signing of a Multicurrency Syndicated Revolving Credit Facility (the “Facility”), which was launched at USD600 million.
Following strong support from institutions, the Facility was considerably oversubscribed and signed at an increased amount of USD1.1 billion. The Facility serves as a refinancing of the existing 1 year facility, which closed in March 2011 at USD676 million.
Trafigura’s Chief Financial Officer, Pierre Lorinet, said “This highly successful Facility will support Trafigura in its long-term growth strategy. I wish to thank participating banks for their involvement and, more generally, I am proud to note the ongoing support offered by banking partners across Europe, Asia and the United States. Their involvement bears testament to the long-term confidence held by banks in Trafigura’s business model.”
Richard Basham, Co-Head of EMEA Loans at Citigroup Global Markets, commented "Trafigura has a strong and supportive bank group as evidenced by the clear success of the transaction, with the deal being well oversubscribed and the deal size being increased from launch size of USD600 million to close at USD1.1 billion."
Trafigura mandated Citigroup Global Markets Limited, Commonwealth Bank of Australia, DBS Bank Ltd, J.P. Morgan Limited, Standard Chartered Bank, UBS AG and Unicredit Bank AG as Mandated Lead Arrangers and Bookrunners to arrange the Facility.
A total of 3 Mandated Lead Arrangers plus 20 banks committed during general syndication in addition to the 7 Bookrunners that committed in advance of syndication.
For more information, please contact:
Citigroup Global Markets Limited
Richard Basham +44 (20) 7986-6006
Trafigura Beheer B.V.
Global Media Office +44 (0) 207 009 1708