

(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.
Cargill continues to advance its growth strategy in the Brazilian market and reinforces its investment... Read more
Anglo American plc has announced the completion of the sale of its 33.3% minority interest in Jellinbah... Read more
Rafael Rivera has been appointed the new Country Manager Mexico of the end-to-end raw materials supplier... Read more
Tropical Cyclone Sean delivered record rain along parts of the Pilbara coastline of Western Australia... Read more
Rio Tinto has released fourth quarter production results. Chief Executive Jakob Stausholm said: &ldquo... Read more
Trafigura Group Pte Ltd. has published its 2024 Sustainability Report, highlighting the Group’... Read more
The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have... Read more
Further to the announcement of 2nd August 2024, Vitol B.V. has now completed the acquisition of... Read more
As part of a research and development programme, Rio Tinto is assessing the potential for extracting... Read more
Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released results for... Read more