Mercuria Energy Group is pleased to announce the successful signing on 20th June 2014 of a USD 2.65 billion revolving credit Facility for its subsidiary Mercuria Energy Trading S.A
This new Facility was massively oversubscribed, circa 60% above the initial launch amount and subsequently increased to USD 2,650,000,000 in aggregate (USD 2,055,000,000 364-day and USD 595,000,000 3-year), following strong demand from the market. It will be used for general corporate purposes and to refinance the Company’s maturing USD 1,350,000,000 364-day and USD 450,000,000 3-year revolving credit facilities dated 1st July 2013.
Guillaume Vermersch, Group CFO for the Company, commented: “This is a terrific outcome and a strong vote of confidence from the market. Mercuria is consistently executing a strategy of controlled growth in its selected markets and locations. These additional resources made available to the Company provide a strong platform for the integration of the J.P. Morgan commodity business and position the Group to seize future opportunities as they arise.”
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