Singapore | November 24, 2025 – Mercuria Energy Group Ltd., one of the world’s leading independent energy and commodity trading groups and parent company of physical bunker supplier Minerva Bunkering, has successfully closed its 2025 Asian Syndicated Revolving Credit Facilities (the “Facilities”). The facilities total over USD 2.3 billion equivalent across US Dollar and Offshore Chinese Renminbi CNH tranches.
Massive Upsizing Signals Lender Confidence in Commodity Trading
This year’s refinancing represents a powerful statement of lender confidence, resulting in a 35% increase in committed liquidity compared to the 2024 facility, adding more than USD 600 million in additional working capital capacity.
“The strong participation from our long-standing lenders across Asia, together with the arrival of several new institutions and the solid support from Chinese banks, reflects the confidence in Mercuria’s financial strength, disciplined liquidity management and growth ambitions in the region,” said Guillaume Vermersch, Group CFO, Mercuria.
Financial Muscle for Asia-Pacific Expansion and Decarbonization
The successful syndication, which attracted strong demand from 41 global and regional banks (including several new lenders), enhances Mercuria’s ability to finance large-scale physical commodity flows—a process critical to maintaining supply chain stability in the Asia-Pacific region.
This increase in liquidity is particularly important for two reasons that affect the marine fuel industry:
- Regional Growth: Mercuria’s strategy is heavily focused on expanding activities across China, Japan, Southeast Asia, and Australasia. The credit line directly supports the working capital needed to grow physical trading operations, including those of Minerva Bunkering, in major hubs like Singapore.
- Energy Transition Financing: As Mercuria has pledged that over half of its investment capital will go into the energy transition (including low-carbon fuels like ammonia and methanol), this enhanced financial firepower allows the group to structure complex trade finance deals and invest in the specialized assets (storage, logistics, bunkering vessels) required for the transition.
Deepening Chinese and Regional Banking Ties
The composition of the financing highlights Mercuria’s strategic alignment with Asian financial markets. Chinese institutions played a leading role, particularly through the substantial CNH 3,683 million (Facility A2) tranche. This underscores the group’s deepening relationships in the region and provides financial flexibility tailored to the growing importance of the Chinese market in global trade.
The Facility Breakdown:
The financing package is composed of both short-term working capital lines and longer-term commitment facilities:
- USD 1,193 million: 1-year USD Revolving Credit Facility (Facility A1)
- CNH 3,683 million: 1-year CNH Revolving Credit Facility (Facility A2)
- USD 283 million: 1-year USD Revolving Credit and Swingline Facility (Facility B)
- USD 315 million: 3-year USD Revolving Credit Facility (Facility C)
The presence of the 3-year tranche (Facility C) offers a crucial layer of long-term capital stability, which is highly valued in the volatile commodity trading landscape.
About Mercuria
Mercuria Energy Group, founded in 2004, is one of the world’s leading independent and privately-owned energy and commodity trading companies. Operating across over 50 countries on five continents, the group generates over $100 billion in revenues. Mercuria specializes in trading, financing, and asset investment, notably acquiring the Aegean Marine Petroleum Network to establish its wholly-owned bunkering subsidiary, Minerva Bunkering.
Mercuria’s fully owned subsidiary, Minerva Bunkering, is a major international provider of marine fuel supply and related service solutions, delivering products to over 600 customers across all major commercial shipping sectors and serving as a key global link in the marine fuel supply chain.
Mercuria Energy Group has made a strategic shift toward advancing the energy transition, investing more than $2 billion into renewables, technology metals, and other sustainable energy solutions, exceeding its pledge to direct over half of its investment capital towards these goals. With total equity standing at $6.7 billion at the end of 2022, Mercuria continues to leverage its strong balance sheet to support its global trading activities and its commitment to helping clients meet their net-zero targets.
Source: Mercuria