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Mercuria Asia Group Holdings (PTE.) LTD Signs New JPY 70.5 billion Facility

Mercuria Energy Group Limited (“Mercuria”) is pleased to announce a new JPY 70.5 billion, three-year Samurai Term Loan Facility (the “Samurai Loan”).

This is the fifth time that Mercuria have returned to the Japanese syndicated loan market with seven new financial institutions joining a total syndicate of twenty-three banks. The facility replaces the existing JPY 55.5 billion Samurai Loan signed in 2020 and will be used for general corporate and working capital purposes.

The closing of this transaction demonstrates the continued strong support that Mercuria receives from the samurai loan market, continually growing since the debut financing in 2014. The increase in the facility size 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 fifth Samurai Loan and our most successful yet, demonstrating a strong vote of confidence from our Asian banking partners in Mercuria’s business mode and performance. It raised an additional JPY 15 billion of liquidity, and was well supported by both existing and new lenders, despite such a volatile market environment.”

The Samurai financing was coordinated by Mizuho Bank, Ltd., MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation acting as Joint Bookrunning Mandated Lead Arrangers.

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