Business news
Mercuria Asia Group Holdings (PTE.) LTD Signs New JPY 55.5 billion Facility
14.09.2020
Mercuria Energy Group Limited (“Mercuria”) is pleased to announce a new JPY 55.5 billion, three-year Samurai Term Loan Facility (the “Samurai Loan”).
This is the fourth time that Mercuria have visited the Japanese syndicated loan market with four new financial institutions joining a total syndicate of twenty banks. The facility replaces the existing JPY 46.5 billion Samurai Loan signed in 2018 and will be used for general corporate and working capital purposes.
Although the economic and social impact of COVID-19 is developing rapidly, the closing of this transaction demonstrates the resilience of the samurai loan market to support Mercuria who have been active in this market since 2014. The increase of JPY 9 billion of the size of the facility is a testimony to the long-term relationships formed with the existing lenders and new participants into the banking group.
Guillaume Vermersch, Mercuria Group CFO, also noted ”This is our fourth Samurai Loan and our most successful yet, demonstrating a strong vote of confidence from our Asian banking partners in Mercuria’s business model and performance. It raised an additional JPY 9 billion of liquidity and was very competitively priced compared to recent margin increases observed in an otherwise challenging market environment.”
The Samurai Loan was coordinated by Mizuho Bank, Ltd., MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation acting as Joint Bookrunning Mandated Lead Arrangers.
Latest news
- Mercuria Asia Group Holdings (PTE.) LTD Signs New JPY 55.5 billion Facility14.09.2020
- Mercuria Closes Oversubscribed US$ 1,500,000,000 Revolving Credit Facility25.06.2020
- Singapore’s Maritime and Port Authority Awards Minerva New Bunkering Licenses21.04.2020
2019 archive
- Minerva Bunkering Acquires CEPSA Panama SA17.12.2019
- Mercuria successfully closes oversubscribed revolving credit facility of US$ 1,200,000,000 in financing for its Asian business25.11.2019
- Mercuria successfully closes oversubscribed secured revolving credit facility of US$ 1,900,000,000 in financing for its North American business20.11.2019
- Pin Oak Secures Interconnection to EPIC and Red Oak Pipelines Commences Construction on a New Crude Oil Hub at Taft01.08.2019
- MERCURIA ENERGY TRADING SA SUCCESSFULLY CLOSES USD 2.25 BILLION MULTI-CURRENCY REVOLVING CREDIT FACILITIES19.06.2019
- Top Commodities Firms and Financial Institutions Seek To Launch Forcefield17.05.2019
- Minerva Bunkering Appoints Tyler Baron as Chief Executive Officer 30.04.2019
- Aegean Marine Petroleum Network Inc. Reorganizes as Minerva Bunkering04.04.2019
- U.S. Bankruptcy Court Approves Mercuria Takeover of Aegean Marine Petroleum 01.04.2019
- Mercuria Partnership Pin Oak Acquires Expansion Land in Corpus Christi15.01.2019
2018 archive
- Mercuria successfully closes oversubscribed revolving credit facility of Us$ 1,350,000,000 in financing for its Asian business 27.11.2018
- Canyon Coal, Mercuria Energy Open New Mine in South Africa, Expand Employment Opportunities in the Energy Sector 02.11.2018
- Pin Oak Corpus Christi, LLC Hires Strike, LLC to Construct Pipeline Connectivity28.09.2018
- Pin Oak Holdings, LLC to Sell Mt. Airy Terminal to MPLX LP26.09.2018
- Mercuria Signs Memorandum of Understanding to Support Minnesota’s Mesabi Metallics12.09.2018
- Mercuria Energy Trading SA successfully closes USD 2.4 Billion Multi-Currency revolving credit facilities29.06.2018
- Mercuria Founders Discuss American Job Creation and Investment with U.S. Ambassador to Switzerland Ed McMullen26.04.2018
- ChemChina and Mercuria Expand Partnership and Increase Investment16.04.2018
- Mercuria Completes Purchase of Noble Americas South Bend Ethanol, Changes Name to South Bend Ethanol, Will Invest $30 Million to Realize the Full Plant Capacity and Support the Local Community10.01.2018
2017 archive
- Mercuria Signs USD 1 Billion in Financing for its Asian Business30.11.2017
- Mercuria, Can-China Global Resource Fund, and MIE Holdings Announce Completion of Acquisition of CQ Energy Canada Partnership – A Canadian E&P Business04.10.2017
- Pin Oak Terminals Opens Multi-Product Liquid Marine Terminal, Following Key Investment from Mercuria16.08.2017
- Mercuria and Andes Energia Partner on Argentina E&P to Create Phoenix Global Resources10.08.2017
- Andes Energia PLC announces conditional combination with Trefoil Holdings, holding company of PETSA24.07.2017
- Mercuria Energy Trading SA successfully closes USD 2.0 Billion Multi-Currency Revolving Credit Facilities19.06.2017
- Centrica agrees the sale of its Canadian E&P business to Mercuria and Can-China09.06.2017
- Mercuria worked with two key financing partners, ING & SMBC, on Pin Oak Terminals financing project in U.S.25.04.2017
- Compelling results for blockchain oil-trade test ING, Société Générale, and Mercuria22.02.2017
- TRANSGLOBE ENERGY CORPORATION announces execution of prepayment agreement and marketing contract10.02.2017
2016 archive
- Pin Oak Holdings announces it has closed on a $100 million equity investment led by Dauphine Midstream and Mercuria Energy05.12.2016
- Mercuria Exports U.S. Energy to New Markets26.09.2016
- Mercuria Energy Trading SA successfully closed a USD 2.2 Billion Multi-Currency Revolving Credit Facility10.06.2016
- Mercuria to provide direct and sponsored access liquidity to Nasdaq Commodities European Power and Gas Markets11.05.2016
- Mercuria Energy Acquires Rocky Mountain Crude Business Unit from Enterprise Crude Oil LLC17.02.2016
- Mercuria welcomes Strategic Investment by ChemChina18.01.2016
- Minerva Bunkers starts physical supply operations offshore West Africa07.01.2016
- Mercuria Announces Strategic Investment from China Materials Storage and Transportation Development (CMSTD) to Expand Henry Bath Warehousing Business05.01.2016
2015 archive
- Mercuria Signs Asia USD 1.1 billion Revolving Credit Facilities 19.11.2015
- Mercuria Energy Group Ltd Announces Exclusive Agreement with Forte Oil Plc09.10.2015
- Mercuria Energy Closes Multicurrency Revolving Credit Facilities at USD 2.5 Billion22.06.2015
- Mercuria trades the first lots of German base load on CME Europe18.06.2015
- CITI fails in China metals claim against MERCURIA22.05.2015
- Mercuria Announces Expansion to Minerva Maritime Fuel Business12.03.2015
2014 archive
- Mercuria Hires More Than 40 Marine Fuel Specialists from OW Bunker15.12.2014
- Mercuria Signs Asia $1.0 Billion USD Revolving Credit Facilities18.11.2014
- Mercuria Closes Acquisition of J.P. Morgan Chase Physical Commodities Business03.10.2014
- Mercuria Announces U.K. Financial Conduct Authority Authorization22.09.2014
- Mercuria forms partnership with Pemex08.08.2014
- MERCURIA ENERGY TRADING SA successfully renewed and increased a USD 2.65 BILLION Multi-Currency Revolving Credit Facility26.06.2014
- Mercuria Announces Acquisition of J.P. Morgan Physical Commodities Business19.03.2014
2013 archive
- Mercuria Signs its Asian USD 1.0 Billion Revolving Credit Facilities28.11.2013
- Mercuria CFO's interview with EuroTreasurer - "We Have Seen a Flight to Quality"29.10.2013
- Mercuria CFO im FINANCE MAGAZINE - Interview09.10.2013
- Mercuria Invests $50m in Amromco Energy24.09.2013
- Mercuria successfully raises USD 1,800,000,000 Revolving Credit Facility02.07.2013
- Success of the Second FT Global Commodities Summit29.04.2013
- Mercuria Interview with Le Temps27.04.2013
- Mercuria Participates in a Pioneer CDM Project in West Africa26.03.2013
- Mercuria Partners with KW Express to Construct Crude by Rail Project in Houston22.02.2013
2012 archive
- FT Global Commodities Summit 201320.11.2012
- Mercuria Announces a New USD 700,000,000 Uncommitted Secured Borrowing Base Financing30.10.2012
- Mercuria Advances Asian Hard Commodities Strategy18.10.2012
- Mercuria and Sinopec Kantos Establish a New International Partnership in Liquid Bulk Storage15.10.2012
- Mercuria Strengthens its Growing Presence in China 18.07.2012
- Mercuria Grows its Global Metals Trading Business17.07.2012
- Mercuria Energy Successfully Raises USD 1,700,000,000 and EUR 145,000,00001.06.2012
- Mercuria Advances into Global Metals Markets03.05.2012
- Certified Emission Reductions: Mercuria Participated in Record Transaction19.04.2012
- Mercuria sponsors the first Financial Times Global Commodities Summit15.03.2012
- Mercuria interview with Reuters01.02.2012
- Mercuria Sponsors the First Financial Times Global Commodities Summit16.01.2012
2011 archive
- Mercuria Energy Group Ltd Signs a USD 755 Million Syndicated Revolving Credit Facility in Asia07.12.2011
- Mercuria US Coal Financing and Investment06.10.2011
- Formation of a Joint Venture by Mercuria and Datang24.08.2011
- Mercuria Energy Group, Anchor Investor in IFC's Now Active Carbon Credit Fund03.06.2011
- Mercuria to Participate in IFC's Carbon Credit Fund02.02.2011
2010 archive
- Mercuria Signs a USD 500 Million Syndicated Revolving Credit Facility in Asia15.12.2010
- Mercuria Energy Group Acquires Strategic Coal Concession in Indonesia16.11.2010
- Mercuria Energy Group Makes Strategic Carbon Business Acquisition03.11.2010
- Mercuria Enters Into a Strategic Coal Marketing Alliance with Optimum Coal of South Africa03.11.2010
- Strong Demand Leads Mercuria Energy Trading to Increase its New Revolving Credit Facility to USD 1,250,000,00014.06.2010
- Mercuria's Dutch Affiliate Laid The Foundation Stone For Vesta Biofuels Amsterdam05.03.2010
- Mercuria Seeks Oil Tanks, Coal Mines in US Drive03.03.2010
- ECT Arbitration Mercuria Energy Group LTD V. The Republic of Poland: The Arbitral Tribunal Confirms That It Has Jurisdiction26.01.2010
