Trafigura Group Pte Ltd. (Trafigura), a leader in the global commodities sector, has successfully closed its new 365-day European multi-currency syndicated revolving credit facility (365-day ERCF) worth USD1.9 billion. Alongside this, the company extended and increased its existing USD3.7 billion 3-year revolving credit facility (3-year ERCF), with total commitments now amounting to USD5.63 billion, marking an increase of USD70 million compared to the 2024 closing amount.
Successful Closure of USD1.9 Billion 365-Day ERCF
The new 365-day ERCF was initially launched at USD1.5 billion but saw significant demand, with the facility being substantially oversubscribed. These syndicated facilities play a crucial role in maintaining Trafigura’s robust liquidity and providing essential capital for the company’s global operations.
CFO Stephan Jansma Comments on Successful Refinancing
Stephan Jansma, Trafigura’s Chief Financial Officer, expressed his satisfaction with the renewal, stating, “We are pleased to have successfully refinanced our flagship European revolving credit facility, reaffirming the strong and ongoing support of our global banking community. The European revolving credit facility remains a cornerstone of our funding strategy, ensuring sustained access to capital and reinforcing our robust liquidity position. Following this refinancing and extension, we are well prepared to navigate potential market disruptions and volatility. We extend our sincere gratitude to the 55 banks that have participated in the facilities, supporting Trafigura’s continued growth and strategic direction.”
The newly established 365-day ERCF is intended to refinance the maturing facility dated March 5, 2024, and will also serve general corporate purposes. Additionally, Trafigura exercised its third extension option for the 3-year ERCF dated March 2, 2022. The extension extends the facility by another 365 days and increases the facility size by USD65 million.
Details of the Mandated Lead Arrangers & Bookrunners
A group of seven Mandated Lead Arrangers & Bookrunners (MLABs) facilitated the 365-day ERCF. These include Bank of China Limited (London Branch), ING Bank N.V., Societe Generale, Sumitomo Mitsui Banking Corporation, and UniCredit Bank GmbH as Active MLABs. Coöperatieve Rabobank U.A. and UBS Switzerland AG were involved as Passive MLABs, with ING Bank N.V. acting as Global Coordinator. In addition to the MLABs, 48 financial institutions participated in the syndication and/or extended their participation in the 3-year ERCF.
About Trafigura
Founded over 30 years ago, Trafigura is a privately owned, global leader in the commodities industry. The company is central to the global supply chain, connecting vital resources to drive economic and industrial development. Trafigura specializes in the transportation of oil, petroleum products, metals, minerals, gas, and power, and works to ensure the efficient, secure, and sustainable movement of these resources around the world.
The company also focuses on renewable energy projects and low-carbon technologies through its subsidiaries, including MorGen Energy and Nala Renewables. In addition, Trafigura has a broad portfolio of industrial assets and businesses, including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, and the Impala Terminals joint venture, as well as Greenergy, a supplier and distributor of transportation fuels and biofuels.
Operating in over 150 countries with more than 13,000 employees, Trafigura remains a key player in advancing global energy security and sustainability efforts. Over 1,400 of its employees are also shareholders, aligning their interests with the company’s long-term success.
For more details about Trafigura’s operations, its commitment to sustainability, and its role in the global energy transition, Visit Trafigura website.
Source Trafigura Group