Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexEconomic EventsPress releases

Mercuria Energy : Trading SA successfully closes USD 2.0 Billion Multi-Currency Revolving Credit Facilities 19.06.2017

share with twitter share with LinkedIn share with facebook
share via e-mail
06/20/2017 | 12:31am CEST

Mercuria Energy Trading SA successfully closes USD 2.0 Billion Multi-Currency Revolving Credit Facilities

Mercuria Energy Trading S.A ('Mercuria) announced that it has closed its USD 2.0 Billion Multicurrency Revolving Credit Facilities (the 'Facilities'). The Facilities were launched at USD 1.8 Billion, and as a result of strong support closed oversubscribed ca 45 percent. ABN AMRO Bank N.V., Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank SA, Credit Suisse (Switzerland) Ltd., First Abu Dhabi Bank PJSC, Industrial Commercial Bank of China Limited London Branch, ING Bank N.V., Mizuho Bank Ltd., Natixis, Société Générale Corporate and Investment Banking, Sumitomo Mitsui Banking Corporation, The Royal Bank of Scotland PLC and UniCredit Bank AG acted as Bookrunning Mandated Lead Arrangers. Bank of America Merrill Lynch International Limited, Commonwealth Bank of Australia, DBS Bank Ltd., London Branch, Deutsche Bank AG, Amsterdam Branch, DZ Bank AG and Emirates NBD PJSC, London Branch joined as Mandated Lead Arrangers.

The Facilities comprise a 12-month Multicurrency Revolving Credit Facility, a 12-month Multicurrency Revolving Credit Facility/Swingline and a 3-year Revolving Credit Facility. The two 12-month Multicurrency Revolving Credit Facilities (launched at USD 1.5 Billion) both include a 12-month extension option. The 3-year Revolving Credit Facility of USD 300 Million was extended via the existing extension option. The Facilities will be used for general corporate purposes and working capital.

The Facilities were launched at USD 1.8 Billion on 21st April and a bank meeting was held in London on 25th April. Following strong demand from banks, the Facilities were oversubscribed by around 45 percent, and subsequently increased to USD 2.0 Billion in aggregate, with Mercuria choosing to scale back lender commitments.

'This strong outcome represents tremendous enthusiasm from our banking partners. Thirty-nine geographically diverse banks participate in the Facilities. They include a large group of top level BMLA and MLA banks' said Guillaume Vermersch, Group Chief Financial Officer of Mercuria. 'These Facilities, which Mercuria chose to scale back, reflect Mercuria's sustained globally diverse business boosted by the strategic investment by China National Chemical Corporation. The strength of the syndicate demonstrates the continued confidence of our financial partners in Mercuria's business model. We look forward to continuing to work closely with our banking group.'

The following banks joined the Bookrunning Mandated Lead Arrangers and Mandated Lead Arrangers in general syndication:

Lead Arranger:


Bank of China Limited, London Branch
Commerzbank AG
Agricultural Bank of China (UK) Limited
Erste Group Bank AG, London Branch
Hang Seng Bank Limited
Raiffeisen Bank International AG
Sumitomo Mitsui Trust Bank, Limited
Zürcher Kantonalbank

Banque Cantonale de Geneve
China Construction Bank Corporation, Beijing, Swiss Branch Zurich
Commercial Bank of Dubai
Union de Banques Arabes et Françaises
Banco do Brasil AG - Succursale France
Banque Misr SAE - Paris Branch

Mercuria Energy Group Ltd. published this content on 19 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 June 2017 22:31:06 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Economy & Forex"
12:17p CCIC SAUDI COUNCIL OF COMMERCIAL AND INDUSTRIAL : CSC and TVTC Discuss Private Training Sector Concerns
12:06p Stock market's future in Trump's hands as Federal Reserve chair pick looms
11:57a NIGC NATIONAL IRANIAN GAS : South Pars development phases to be complete in 1.5 years
09:37a NIGC NATIONAL IRANIAN GAS : Italian Energy Giant Signs Gas Deal with Iran Firms
08:23a China says jobless rate lowest in years, but challenges persist
08:21a Women the mystery ingredient in Australia's jobs feast
07:07a FROM PROFITABILITY TO PROSPERITY : How Hoteliers can Start Thinking about ‘Sustainability’ into Their Business
06:59a China property sales will slow in fourth quarter, prices stable-housing minister
06:37a NEW ZEALAND POLICE : Rockfall on State Highway Two, Karangahake Gorge
05:37a USAFL UNITED STATES AUSTRALIAN FOOTBALL LEAGUE I : Surf and Turf -- Day 1 at the USAFL Nationals
Latest news "Economy & Forex"