?

Business news

Mercuria Energy Closes Multicurrency Revolving Credit Facilities at USD 2.5 Billion
22.06.2015

GENEVA, 22 June 2015 – Mercuria Energy Trading S.A. (“Mercuria” or the “Group”), one of the world’s largest independent energy and commodities groups, has signed USD 2.5 billion multicurrency revolving credit facilities (the “Facilities”). Following strong demand from banks, the Facilities were significantly oversubscribed by 35 percent and subsequently increased in aggregate, with a scale back in participations.

The Facilities were initially launched at USD 2.1 billion on 30 th April, the bank meeting was held in London on 7 th May.  

“We are very pleased with the strong outcome. More than 50 banks committed to the Facilities including a number of new geographically diverse banks, and a large group of top level Bookrunning Mandated Lead Arranger (BMLA) and Mandated Lead Arranger (MLA) banks,“ said Guillaume Vermersch, Group Chief Financial Officer of Mercuria.  “These Facilities reflect Mercuria’s sustained business growth boosted by the recent acquisition of the J.P. Morgan physical commodities trading books, and the funding will be utilized to support the Group’s ongoing expansion. 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."

ABN AMRO Bank N.V., Crédit Agricole Corporate and Investment Bank, Industrial and Commercial Bank of China Limited, London Branch, ING Bank N.V., Natixis, Rabobank, The Royal Bank of Scotland plc, Société Générale Corporate & Investment Banking and Sumitomo Mitsui Banking Corporation are acting as Mandated Lead Arrangers and Bookrunners. The facilities closed on 22 June, 2015. The facilities include a new USD 1.9 billion 364-day tranche and a USD 600 million 3-year revolving credit facility for Mercuria.

The Facilities will be used for general corporate purposes and working capital including the refinancing of the Group’s maturing USD 2.055 billion 364-day and USD 595 million 3-year European revolving credit facilities dated 20 th June 2014.

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

Mandated Lead Arrangers

Bank of America Merrill Lynch

Commonwealth Bank of Australia

Credit Suisse

DBS Bank

Emirates NBD

Lloyds Banking Group

Mizuho Bank, Ltd.

National Bank of Abu Dhabi

 

Lead Arrangers

Deutsche Bank

First Gulf Bank

UBS

UniCredit

 

Arrangers

KfW IPEX Bank

Nedbank

State Bank of India

The Bank of Tokyo-Mitsubishi, Ltd.

 

Co-Arrangers

Commerzbank

Banco Do Brasil

Banco de Sabadell

Bank of Nova Scotia

ANZ

BHF Bank

Commercial Bank of Dubai

Fifth Third Bank

Hang Seng

Landesbank Baden-Wuerttemberg

Raiffeisen Bank International

Sumitomo Mitsui Trust Bank

Zürcher Kantonalbank

 

Managers

Arab Bank PLC

Bank Leumi

DZ Bank

Hua Nan Commercial Bank

Habib Bank

Axis Bank

Banque Cantonale de Genève

Banque Cantonale Vaudoise

Banque de Commerce et de Placements

Bank of Taiwan

First Commercial Bank

GarantiBank International

Taiwan Co-operative Bank

UBAF

Latest news

2016 archive

2015 archive

2014 archive

2013 archive

2012 archive

2011 archive

2010 archive

Back to top