Singapore, 18 November 2015 – Mercuria Energy Group Ltd. (“Mercuria” or the “Group”), the global energy and commodities group is pleased to announce the successful signing of credit facilities in the amount of USD 1.1 billion (the “Facilities”) that was joined by a group of 27 banks.
The Facilities were arranged by Australia and New Zealand Banking Group Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., DBS Bank Ltd., Emirates NBD Capital Limited, First Gulf Bank PJSC, Industrial and Commercial Bank of China Limited, ING Bank N.V., Mizuho Bank, Ltd., Société Générale Corporate & Investment Banking, Sumitomo Mitsui Banking Corporation, and United Overseas Bank Limited acting as Bookrunning Mandated Lead Arrangers.
The Facilities, signed on 17 November 2015, are for a total of USD 1.1 billion and include a 364-day USD 515 million (with an Offshore Chinese Renminbi option) facility, a 364-day USD 200 million swingline facility, as well as a 3-year USD 385 million facility. All three facilities are revolving in nature and were issued for Mercuria Energy Trading Pte. Ltd. and Mercuria Asia Group Holdings Pte. Ltd.
Mercuria will use the Facilities to refinance the Group’s maturing USD 1 billion syndicated revolving credit facility dated 18 November 2014, as well as general corporate and working capital purposes.
The new Facilities were launched on 17 September 2015 with bank meetings held in Dubai, Shanghai, Taipei and Singapore, and were oversubscribed by circa 38 percent above the initial launch amount.
“We are very pleased with the continued support of the banking community as evidenced by the healthy oversubscription and a total of 27 banks committing to the Facilities” said Guillaume Vermersch, Chief Financial Officer of Mercuria. “The lenders in our banking group understand Mercuria’s operating strategy and are confident in our business model. We look forward to deepening our working relationship with our financing partners.”
The following banks joined the Bookrunning Mandated Lead Arrangers in general syndication:
Mandated Lead Arrangers
Bank of China Limited, Singapore Branch
Rabobank, Singapore Branch
Lead Arrangers
Oversea-Chinese Banking Corporation Limited
Banco do Brasil – France Branch
Westpac Banking Corporation, Singapore Branch
Arrangers
Commonwealth Bank of Australia, Singapore Branch
CTBC Bank Co., Ltd. Singapore
Sumitomo Mitsui Trust Bank, Limited, Singapore Branch
UBS AG, Singapore Branch
Co-Arrangers
Hang Seng Bank Limited
The Bank of East Asia, Limited, Singapore Branch
BRED Banque Populaire
Raiffeisen Bank International AG, Singapore Branch
Bank of Panshin
Union De Banques Arabes Et Francaises
Zenith Bank (UK) Limited
For more information about the Facilities, kindly contact the following:
| Ms. Evelyn Tay t) +65 6416 2739 e) evelyntay@mercuria.com | Mr. Chew Siang Chee t) +65 6416 2725 e) scchew@mercuria.com |
Sumitomo Mitsui Banking Corporation
(Publicity bank on behalf of the Bookrunning Mandated Lead Arrangers)
| Mr. Benson Chua t) +65 6882 0243 e) benson_chua@sg.smbc.co.jp |
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