TBA GroupPort of South LouisianaTelestackBühler GmbHViganCimbria
  • Van Aalst
  • Sailors Society
  • TBA Group
  • Bühler GmbH
  • Vigan
  • Telestack

Trafigura signs German guaranteed US$800m loan agreement

Trafigura signs German guaranteed US$800m loan agreement

(Posted on 26/10/22)

Trafigura, a market leader in the global commodities industry, has entered into a USD800 million five-year loan underwritten and arranged by Societe Generale and syndicated to seven participating banks. The loan is guaranteed by the government of the Federal Republic of Germany acting through the German Export Credit Agency (ECA) Euler Hermes Aktiengesellschaft. The guarantee is provided under Germany’s Untied Loan program to support the commitment by Trafigura to deliver, under a five-year supply agreement, up to 500,000 tonnes of non-ferrous metals into Germany.

The Untied Loan program is a tool to secure the long-term delivery of strategic commodities to Germany. In exchange for offering cover on the financing, Trafigura has committed to a new long term agreement to supply strategic commodities. The agreement included a review of Trafigura’s environmental, social and governance (ESG) policies and performance.

“The support of the Untied Loan program has enabled Trafigura to take on a long term commitment to supply strategic commodities to German industry,” said Kostas Bintas, Trafigura’s Co-head of Metals and Minerals.

Non-ferrous metals are used by Europe’s renewable energy, electronics and chemical industries, as well as suppliers to the construction and car industries.

Latest News

BHP and Hatch design study for electric smelting furnace pilot

(Posted on 24/03/23)

BHP and global engineering, project management and professional services firm, Hatch, have signed an... Read more


Rio Tinto spends over A$15.3 bn with Australian suppliers

(Posted on 20/03/23)

Rio Tinto increased its spend with Australian suppliers to more than A$15.3 billion in 2022, as part... Read more


Trafigura closes the refinancing and extension of credit facilities

(Posted on 20/03/23)

Trafigura Group Pte Ltd., a market leader in the global commodities industry, has announced the closing... Read more


Nexyst 360 selects Nexxiot to digitalize 5000 grain containers

(Posted on 07/03/23)

Nexyst 360, an innovative grain transportation solution provider, has partnered with Nexxiot to digitalize... Read more


Cargill strengthens executive team

(Posted on 28/02/23)

Cargill has announced the appointments of Joanne Knight as Chief Financial Officer (CFO) and Philippa... Read more


SACE’s Push Strategy to support supplies of commodities to Italy

(Posted on 24/02/23)

Trafigura, a market leader in the global commodities industry, has entered into a USD 500 million five... Read more


Job losses loom as British steel proposes coke ovens closure

(Posted on 22/02/23)

British Steel has announced proposals to close its coke ovens as part of its drive to overcome global... Read more


Rio Tinto and Marubeni to create stronger Aluminium supply chains

(Posted on 20/02/23)

Global miner Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed... Read more


Trafigura completes acquisition of Ecobat Stolberg multi-metals plant

(Posted on 20/02/23)

Trafigura, a market leader in the global commodities industry, and Ecobat, the global leader in battery... Read more


EUROFER welcomes ITRE report

(Posted on 13/02/23)

Hydrogen is at the core of the green steel transition. Ensuring access to this scarce resource &ndash... Read more


Van AalstPort of StocktonThe Wolfson Centre for Bulk Solids Handling Technology TOC Europe 2023Sailors Society
  • Port of Stockton
  • TOC Europe 2023
  • Cimbria
  • The Wolfson Centre for Bulk Solids Handling Technology

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping