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Mercuria Announces a New USD 700,000,000 Uncommitted Secured Borrowing Base Financing
30.10.2012

Mercuria Energy Trading S.A. (“Mercuria” or the “Company”) is pleased to announce the successful closing of its USD 700,000,000 uncommitted secured 18 months Borrowing Base Financing (the “Facility”). ING Bank N.V. acted as Sole Coordinator. The Bank of Tokyo – Mitsubishi UFJ joined as Bookrunning Mandated Lead Arranger while Deutsche Bank, HSBC, Rabobank International, and UBS joined as Mandated Lead Arrangers in general syndication.

The Facility is used for financing the Company’s working capital needs in respect of its European inventory and receivables as well as the refinancing of existing bilateral credit facilities. This borrowing base facility is Mercuria’s first syndicated uncommitted secured revolving credit facility in Europe.

According to Richard Evrard, Global Head of Trade Finance & Structured Trade Finance at Mercuria, the implementation of this Borrowing Base is a great success considering the complexity of its geographical reach: seven European countries and eight storage locations. “The new syndicated financial structure is competitively priced and allows Mercuria to anticipate increased volumes at higher market prices. We are next considering enlarging the scope of this Borrowing Base to additional European countries and new commodities, with the support of new Lenders”.

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