Trafigura Group , a market leader in the global commodities industry, has successfully refinanced its Japanese yen term loan facility  totalling JPY104.7 billion . The loan consisted of a 5-year tranche only for the first time and marks Trafigura’s eighth Samurai loan since entering the Japanese market in 2012. The facility was significantly oversubscribed and upsized by JPY21.75 billion  from the 2024 3-year loan.

Laurent Christophe, Trafigura Group Treasurer, said: “We are pleased to have successfully refinanced and increased our Samurai loan, which for the first time was offered solely as a 5-year tranche. Access to the Japanese syndicated loan market remains a key pillar of Trafigura’s diversified funding model. We are grateful to the 21 banks who participated in this important transaction.

The total Trafigura Samurai loans now comprise a JPY104.7 billion 5-year term loan facility (refinanced this year, maturing in March 2031) and a JPY40.5 billion 5-year term loan facility (maturing in March 2029)

The transaction was arranged by Mandated Lead Arrangers & Bookrunners (“MLAB”) MUFG Bank, Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, London Branch, Crédit Agricole Corporate and Investment Bank, Singapore Branch, and Development Bank of Japan Inc. In addition to the MLABs, 16 financial institutions joined the Samurai loan during syndication, including three new lenders.