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
Agreement secures long-term bulk logistics capacity for South African miner
(Posted on 14/09/25)Transnet SOC Ltd and Tshipi é Ntle Manganese Mining (Pty) Ltd have concluded a milestone 10-year... Read more
Bühler appoints Mike Häfeli as the new CEO of Grains and Food business
(Posted on 14/09/25)Bühler Group has announced a key leadership transition within its Grains & Food business. After... Read more
ADM increases export capacity with expanded Windsor, Ontario grain terminal
(Posted on 09/09/25)ADM Agri-Industries in Windsor has celebrated the opening of its expanded grain terminal at the Port... Read more
Anglo American and Teck to combine to form global critical minerals champion
(Posted on 09/09/25)Anglo American plc and Teck Resources Limited have announced that they have reached an agreement to... Read more
Ag leaders urge Senate to confirm Dr. Julie Callahan as Chief Negotiator
(Posted on 09/09/25)The National Grain and Feed Association (NGFA), joined by 89 agricultural organizations, has voiced... Read more
Rio Tinto streamlines to unlock additional shareholder value
(Posted on 01/09/25)Rio Tinto has announced a new operating model and executive team to shape the company’s next chapter... Read more
Government of Canada disappoints Canadian steel producers
(Posted on 01/09/25)Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA), has released... Read more
BHP’s record operational performance delivers resilient returns and growth
(Posted on 25/08/25)BHP have released financial results for the full year ended 30 June 2025.BHP Chief Executive Officer... Read more
Metso expansion in Antofagasta elevates support for Chilean mining
(Posted on 15/08/25)Metso has completed the expansion of its service centre in Antofagasta, Chile, reinforcing its ability... Read more
Alcoa explores feasibility of gallium critical mineral production in WA
(Posted on 11/08/25)Alcoa of Australia Limited, a wholly-owned subsidiary of Alcoa Corporation has announced a Joint Development... Read more
