Trafigura closes Syndicated Revolving Credit Facility and Term Loan Facilities
(Posted on 25/10/21)
Trafigura Group Pte Ltd (“Trafigura”), a market leader in the global commodities industry, has announced the closure of its new Syndicated Revolving Credit Facility (“RCF”) and Term Loan Facilities (the “Facilities”) at USD2.4 billion-equivalent. The Facilities were substantially oversubscribed and upsized from their initial launch amount of USD1.5 billion-equivalent, with 36 financial institutions participating in the transaction, including eight new lenders.
The new Facilities comprise of a 365-day USD revolving credit facility (USD700 million), a 1-year CNH term loan facility (c. USD890 million-equivalent) and a 3-year USD term loan facility (USD810 million). The new Facilities will be used to refinance the maturing 3-year term loan tranche from 2018 and the maturing 1-year USD and 1-year CNH tranches from 2020, as well as for general corporate purposes.
Christophe Salmon, Group Chief Financial Officer for Trafigura, said: “We are extremely pleased with the record support we received from the banking community across Asia Pacific and Middle East. Trafigura’s exceptional business and financial performance underpinned the commitment of our banks to these Facilities, especially the three year tranche, which shows confidence about our ability to weather different commodity and credit cycles. The implementation of a sustainability-linked loan structure in the new Facilities, in line with our European RCF that closed in March 2021, was a very important step to demonstrate Trafigura’s commitment to champion the ESG agenda in our sector.”
Trafigura mandated Bank of Communications Shanghai Putuo Sub-Branch (“BoComm”), DBS Bank Ltd. (“DBS”), Standard Chartered Bank (Singapore) Limited (“SCB”) and Sumitomo Mitsui Banking Corporation Singapore Branch (“SMBC”) as the Mandated Lead Arrangers and Bookrunners. SCB acted as Global Coordinator of the transaction. Development Bank of Japan Inc. (“DBJ”) acted as Mandated Lead Arranger in connection with the syndication of the 3-year USD term loan facility. In addition, 25 financial institutions joined the USD tranches of the Facilities during syndication.
Agricultural Bank of China Shanghai Huangpu Branch (“ABC”) and China Construction Bank Shanghai Pudong Sub-branch (“CCB”) were the Mandated Lead Arrangers and Bookrunners in connection with the CNH syndication of the Facilities. In addition, six financial institutions joined the CNH tranche during syndication.
Latest News
SSAB invests $74 Million to expand steel production in Alabama
(Posted on 07/05/25)Highly-specialised global steel company, SSAB has announced a significant investment of approximately... Read more
GGC welcomes new Canadian government and urges farm priorities action
(Posted on 01/05/25)Grain Growers of Canada (GGC) has welcomed Prime Minister Mark Carney and all Members of Parliament... Read more
US Soybean growers disappointed in 2;4-D Anti-Dumping and Countervailing Duties vote
(Posted on 30/04/25)The International Trade Commission in the USA has voted in favour of imposing final anti-dumping (AD... Read more
Ukraine already sown two million hectares of spring grains
(Posted on 28/04/25)As of April 25, 2025, farmers in all regions of Ukraine have sown 2M hectares (ha) of spring grain and... Read more
Condobolin rail upgrade fast-tracks NSW grain
(Posted on 25/04/25)GrainCorp’s rail site at Condobolin, in the heart of central west New South Wales, Australia,... Read more
Rio Tinto and AMG assess low-carbon aluminium project in India
(Posted on 22/04/25)Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have... Read more
BHP record iron ore and copper production demonstrates resilience
(Posted on 22/04/25)BHP has released its Operational Review for the nine months ended 31 March 2025.BHP Chief Executive... Read more
WTO: Trump’s tariffs will shrink global trade
(Posted on 16/04/25)The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions... Read more
$235million syndicated loan agreement to boost UAE trade with Trafigura
(Posted on 15/04/25)In a strategic move to empower UAE exporters and advance the nation’s economic diversification... Read more
Anglo American update on sale of steelmaking coal business to Peabody
(Posted on 15/04/25)Anglo American plc has noted the recent statement issued by Peabody Energy in relation to the definitive... Read more
