Trafigura Trading LLC successfully renews and increases its North American Energy Borrowing Base Credit Facility
Houston, 24 June 2021 – Trafigura Trading LLC (“Trafigura”), a wholly-owned subsidiary of Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, has renewed and increased its North American Energy Borrowing Base Credit Facility (the “Facility”).
Trafigura launched a 2-year, USD4 billion Facility in May 2021 and received over USD4.5 billion in total commitments. Following a strongly oversubscribed syndication, the Facility closed at USD4.425 billion. The increased liquidity positions Trafigura to continue to grow its market share in trading crude, petroleum products, natural gas and natural gas liquids, as well as expanding its power and renewable energy trading.
Trafigura continues to be one of the largest domestic marketers and exporters of crude and petroleum products in North America, supported by its vast network and logistic assets, as well as its access to crude supplies from Eagle Ford to the Permian Basin.
Trafigura’s North American Chief Financial Officer, TJ Tedla, said: “The Trafigura Group continues to achieve successful syndications of its financings evidenced by the strong oversubscription of the North America facility recently received from a broad group of domestic and global financial institutions. Our financing partners recognize the resilience of our franchise that is anchored by our strong positions across various energy, metals and minerals markets and as we also strategically expand our trading operations into carbon, power and renewable energy trading.”
Acting Lead Arrangers and Joint Book-runners were MUFG (also acting as Administrative Agent), Natixis, New York Branch and Société Générale.
For further information, please contact:
Trafigura Press Office: +41 (0) 22 592 4528 or firstname.lastname@example.org
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world and has recently established a power and renewables trading division.
The trading business is supported by industrial and financial assets, including a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management.
With circa 850 shareholders, Trafigura is owned by its employees. Over 8,500 employees work in 48 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD147 billion in 2020. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.