Trafigura Group , a market leader in the global commodities industry, announced the closing of its new syndicated Revolving Credit Facility and Term Loan Facilities at approximately USD4.4 billion. The Facilities were substantially oversubscribed and upsized from their initial launch amount of USD3.5 billion-equivalent, with 40 financial institutions participating in the transaction.

The new Facilities comprise: a 365-day USD revolving credit facility (USD1.1 billion); a 1-year CNH term loan facility (USD1.6 billion-equivalent); a 3-year USD term loan facility (USD1.5 billion); and for the first time, in line with Trafigura’s 2026 European RCF, a USD0.2 billion 5-year revolving credit facility. The new Facilities will be used to refinance the maturing 3-year term loan tranche from 2023 and the maturing 1-year USD and 1-year CNH tranches from 2025, as well as for general corporate purposes.

Stephan Jansma, Group Chief Financial Officer, Trafigura, said: “We have successfully refinanced our unsecured syndicated facilities, securing about USD950 million in additional liquidity, mostly in the 3-year and 5-year tranches. We are grateful for the continued strong support from lenders across Asia and the Middle East, with strong participation from Chinese banks. The introduction of a 5-year tranche is part of our strategy to rebalance our funding profile towards longer-term maturities. We syndicated this transaction in a complex geopolitical and volatile environment. Its success underscores the confidence lenders have in the strength of our balance sheet and financial performance, and ensures we are well positioned to support our customers across all market conditions.”

Trafigura mandated Abu Dhabi Commercial Bank PJSC, Agricultural Bank of China Shanghai Huangpu Sub-branch, Banco Bilbao Vizcaya Argentaria, S.A., Singapore Branch (“BBVA”), Bank of Communications Shanghai Putuo Sub-branch, China Bohai Bank Co., Ltd. Shanghai Branch, China CITIC Bank Corporation Limited, Shanghai Branch, China Construction Bank Shanghai Pudong Sub-branch, China Merchants Bank Co., Ltd, Singapore Branch, DBS Bank Ltd. (“DBS”), Development Bank of Japan Inc., First Abu Dhabi Bank PJSC, Industrial and Commercial Bank of China Limited, London Branch, Oversea-Chinese Banking Corporation Limited (“OCBC”) and Standard Chartered Bank (Singapore) Limited (“SCB”) as the Mandated Lead Arrangers and Bookrunners (“MLABs”). BBVA, DBS, OCBC and SCB acted as Active MLABs. OCBC also acted as Global Coordinator of the transaction.

The Export-Import Bank of China, Shanghai Branch, Postal Savings Bank of China Co., Ltd. Shanghai Pilot Free Trade Zone Branch, Shanghai Pudong Development Bank Co., Ltd. First Sales Department and Shanghai Rural Commercial Bank Headquarter Branch were the Mandated Lead Arrangers and Bookrunners in connection with the CNH syndication of the Facilities.