Trafigura a wholly-owned subsidiary of Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, has renewed and increased its North American Energy Borrowing Base Credit Facility (the “Facility”).
Trafigura launched a 2-year, USD4 billion Facility in May 2021 and received over USD4.5 billion in total commitments. Following a strongly oversubscribed syndication, the Facility closed at USD4.425 billion. The increased liquidity positions Trafigura to continue to grow its market share in trading crude, petroleum products, natural gas and natural gas liquids, as well as expanding its power and renewable energy trading.
Trafigura continues to be one of the largest domestic marketers and exporters of crude and petroleum products in North America, supported by its vast network and logistic assets, as well as its access to crude supplies from Eagle Ford to the Permian Basin.
Trafigura’s North American Chief Financial Officer, TJ Tedla, said: “The Trafigura Group continues to achieve successful syndications of its financings evidenced by the strong oversubscription of the North America facility recently received from a broad group of domestic and global financial institutions. Our financing partners recognize the resilience of our franchise that is anchored by our strong positions across various energy, metals and minerals markets and as we also strategically expand our trading operations into carbon, power and renewable energy trading.”
Acting Lead Arrangers and Joint Book-runners were MUFG (also acting as Administrative Agent), Natixis, New York Branch and Société Générale.