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Castleton Commodities secures revolving credit facility
Castleton Commodities secures revolving credit facility
Mayur Pande
25 June 2013

US-headquartered energy trader Castleton Commodities International (CCI) has secured a $850 million revolving credit facility through a 17-strong bank syndicate. The facility was led by BNP Paribas (BNPP), Credit Agricole CIB, Société Générale CIB (SG CIB), Standard Chartered and The Bank of Tokyo-Mitsubishi UFJ (BTMU) acting as bookrunning mandated lead arrangers.

Nidera signs annual revolver
Nidera signs annual revolver
Mayur Pande
25 June 2013

Grain trading company Nidera has signed its annual revolving credit facility, which saw strong interest from relationship banks. The Rotterdam, Netherlands-headquartered agri trader finalised the facility at $800 million. The loan has an 18-month tenor. The funds will be used for general working capital trade-related purposes.

Vitol and Rosneft sign agreement on LNG sale and purchase
Vitol and Rosneft sign agreement on LNG sale and purchase
Mayur Pande
21 June 2013

Following on from Vitol’s pre-payment financing with Rosneft earlier this year for the supply of crude oil and petroleum product supplies, the trading company and the Russian producer have now agreed heads of terms regarding cooperation in a new sphere – liquefied natural gas (LNG).

Trafigura signs pre-payment contract with Rosneft
Trafigura signs pre-payment contract with Rosneft
Jonathan Bell
21 June 2013

At the St Petersburg International Economic Forum in mid-June, commodity trading company Trafigura signed a five year contract with a pre-payment to supply crude oil and petroleum products with Russian oil company Rosneft.

Glencore signs mega revolving credit facilities
Glencore signs mega revolving credit facilities
Jonathan Bell
14 June 2013

Glencore Xstrata has signed revolving credit facilities (RCF) amounting to a total of $17.34 billion. The facilities are for general corporate purposes and replace the previous revolving credit facilities of both Glencore and Xstrata. This is the first approach to the bank market for the new combined Glencore Xstrata.

Norilsk Nickel gets strong response for syndicated loan
Norilsk Nickel gets strong response for syndicated loan
Jonathan Bell
13 June 2013

Russia’s Norilsk Nickel, and the world’s largest global nickel and palladium producer, has successfully signed a five-year unsecured syndicated loan with a principal amount of $2.1 billion.

Trafigura closes bond financing for Louisiana terminal
Trafigura closes bond financing for Louisiana terminal
Mayur Pande
13 June 2013

Commodity trading company Trafigura has closed a $200 million long-term bond financing to support further development of its Burnside Terminal in Louisiana, USA.

Vitol Asia signs revolving credit
Vitol Asia signs revolving credit
Jonathan Bell
11 June 2013

Energy trading company Vitol Asia signed its Asia-Pacific-focused one-year revolving credit facility (RCF) in early June.

Puma Energy revolver oversubscribed
Puma Energy revolver oversubscribed
Jonathan Bell
6 June 2013

Puma Energy, the global mid and downstream energy company, has renewed its committed, revolving credit facility (RCF) with a significant oversubscription from the market.

Success for Gunvor Asia with oversubscription
Success for Gunvor Asia with oversubscription
Dan Sheriff
6 June 2013

Gunvor Singapore, a wholly-owned subsidiary of Swiss-headquartered Gunvor Group, has signed a $850 million syndicated revolving credit facility (RCF). The facility, which initially launched at $650 million in early April attracted over $1 billion in commitments, closing almost 60% oversubscribed. Its success represents continued strong interest in, and support for, Gunvor’s growth

Armajaro Trading RCF oversubscribed
Armajaro Trading RCF oversubscribed
Dan Sheriff
5 June 2013

UK-headquartered soft commodity trading company Armajaro Trading has signed a $117.5 million-equivalent revolving credit facility (RCF).The facility has a one-year tenor and an option to extend by one-year.

Uralkali signs PXF following oversubscription
Uralkali signs PXF following oversubscription
Jonathan Bell
3 June 2013

Russian potash producer Uralkali has signed a $1 billion pre-export finance (PXF) loan agreement with a club of 14 banks. The initial mandated lead arrangers and bookrunners of the PXF facility are Bank of America Merrill Lynch, BNP

Trafigura appoints head of structured trade finance
Trafigura appoints head of structured trade finance
Dan Sheriff
1 June 2013

Trafigura has appointed Stephan Jansma as its group head of structured and trade finance. For the past 15 years Jansma has focused on commodity finance activities in wholesale banking.