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Mercuria Energy Trading SA successfully closes oversubscribed USD 3,000,000,000 multi-currency revolving credit facilities

27th June 2023

Mercuria Energy Trading S.A (“Mercuria”) is pleased to announce the successful closing of its USD 3,000,000,000 Multicurrency Revolving Credit Facilities (the “Facilities”).

Mercuria mandated Bank of China Limited, London Branch, Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, Credit Suisse (Switzerland) Ltd., Emirates NBD Bank (P.J.S.C.), London Branch, Industrial Commercial Bank of China Limited, London Branch, ING Bank N.V., Mizuho Bank, Ltd., Natixis, Société Générale, Sumitomo Mitsui Banking Corporation, UBS Switzerland AG and UniCredit Bank AG as Bookrunning Mandated Lead Arrangers. DZ BANK AG and First Abu Dhabi Bank (PJSC) joined as Mandated Lead Arrangers.

The Facilities were launched at USD 1,800,000,000 on 11th April, and a bank meeting was held on 25th April in London. Following successful syndication, the Facilities were oversubscribed by more than 70% compared to the launch amount, with Mercuria choosing to scale back lender commitments to an increased amount of USD 3,000,000,000 in aggregate. 

The Facilities comprise (I) a 1-year Multicurrency Revolving Credit Facility, which includes a Multicurrency Revolving Credit/Swingline Facility and a Multicurrency Revolving OBSI Facility, and (II) a 3-year Multicurrency Revolving Credit Facility, each with two additional 12-month extension options.  The Facilities will be used for general corporate purposes and the Group’s working capital.

“The successful renewal of our European RCF is another very strong message sent by our banking partners, highlighting their deep understanding of Mercuria business model focusing on progressing its positive impact within the Energy Transition space and strategically deploying capital accordingly. Forty-four banks have participated in the Facility, including nine new lenders. We look forward to continuing to work closely with our enhanced banking group, essential to keep on supporting the ongoing growth of the firm.” said Guillaume Vermersch, Group Chief Financial Officer of Mercuria.

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

Lead Arrangers:
Arab Petroleum Investments Corporation (APICORP)

Banco Santander S.A., London Branch

China Construction Bank Corporation, Beijing, Swiss Branch Zurich

Commercial Bank of Dubai PSC

Commerzbank AG London Branch

DBS Bank Ltd, London Branch

Erste Group Bank AG, London Branch

The Export-Import Bank of China, Paris Branch

Arrangers:
Agricultural Bank of China Limited, London Branch

Bank ABC

Bank of Taiwan

Caixabank S.A.

KfW IPEX-Bank GmbH

Lloyds Bank Plc

MUFG Bank, Ltd

National Bank of Ras Al-Kaimah

Raiffeisen Bank International AG

Sumitomo Mitsui Trust Bank, Limited (London Branch)

Co-Arrangers:
Bankinter

Banque Cantonale de Geneve

Banque Cantonale Vaudoise

First Commercial Bank, Limited

Garanti Bank International BV

Mashreqbank psc

Nedbank

Landesbank Hessen-Thüringen Girozentrale (Helaba)

OTP Bank Plc

Wells Fargo Bank, N.A., London Branch

Zürcher Kantonalbank

Press Contacts:

Name:  Matt J. Lauer or Benoit Lioud

Tel: +41 22 594 7000

Email: communications@mercuria.com

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