Search results

Show:
Results found: 4360
Tullow Oil signs and increases RCF
Tullow Oil signs and increases RCF
Jonathan Bell
8 April 2014

London-headquartered, Africa-focused, oil exploration company Tullow Oil has refinanced its $500 million corporate revolving credit facility (RCF) and successfully increased the size of the facility to $750 million.

Turkey’s Tiryaki Agro secures DFI and bank funding
Turkey’s Tiryaki Agro secures DFI and bank funding
Jonathan Bell
4 April 2014

Turkish agricultural processor and trader Tiryaki Agro Gida Sanayi Ve Ticaret (Tiryaki Agro) has arranged a $250 million financing through a combination of commercial and development financial institutions.

China’s Cofco buys stakes in Noble Agri and Nidera
China’s Cofco buys stakes in Noble Agri and Nidera
Jonathan Bell
3 April 2014

China National Cereals, Oils and Foodstuffs Corporation (Cofco) has struck an agreement with Hong Kong-headquartered commodity trading company Noble Group to buy a 51% in its agricultural trading arm Noble Agri.

ABN recruits to strengthen ECT origination
ABN recruits to strengthen ECT origination
Jonathan Bell
2 April 2014

ABN AMRO has made two hires to strengthen its sector origination capabilities for its energy, commodities and transportation (ECT) clients. The move takes place as the bank looks to further build its dedicated advisory services for cross-border corporate activity in these sectors.

Henderson hired at Gunvor
Henderson hired at Gunvor
Dan Sheriff
2 April 2014

Experienced trade financier Ian Henderson has been hired as a consultant for Gunvor - the commodities trader.

Trade reshuffle at BNP Paribas
Trade reshuffle at BNP Paribas
Dan Sheriff
2 April 2014

BNP Paribas Corporate and investment Banking has created a new global trade and transaction banking business line, headed by Marc Carlos in Paris.

Cargill and Copersucar to combine global sugar trading activities
Cargill and Copersucar to combine global sugar trading activities
Jonathan Bell
1 April 2014

Agri-trading company Cargill and Brazilian sugar and ethanol producer have reached agreement to combine their sugar trading activities in a new joint venture company.

Newmont Mining closes term loan and revolver
Newmont Mining closes term loan and revolver
Jonathan Bell
1 April 2014

Canadian-headquartered Newmont Mining Corporation has closed its $575 million term loan and $3 billion revolving credit facility (RCF). In the process the company has secured better terms of flexibility and maturity.

JB's weekly round-up - 31 March 2014
JB's weekly round-up - 31 March 2014
Jonathan Bell
31 March 2014

We are delighted that Doug Ziurys of FImetrix will be presenting the results of his annual survey of commodity traders during a live webinar on 10 April 2014.

Trafigura closes oversubscribed cut-price RCF
Trafigura closes oversubscribed cut-price RCF
Hesham Zakai
31 March 2014

Trafigura has successfully closed its key European revolving credit facility (RCF) at $4.735 billion – an increase from the $4 billion the facility was launched at despite the significant reduction in pricing the global commodities trader managed to secure.

Kazakh rail company gets EBRD funds for rolling stock
Kazakh rail company gets EBRD funds for rolling stock
Jonathan Bell
28 March 2014

The European Bank for Reconstruction and Development (EBRD) has signed to provide Kazakhstan rail company JSC Olzha with a new loan of $9 million, for the purchase of rolling stock.

Finacity closes Archer Daniels Midland trade securitisation
Finacity closes Archer Daniels Midland trade securitisation
Dan Sheriff
28 March 2014

Finacity, the trade receivables securitisation specialist, has closed a new securitisation programme with agricultural processing company Archer Daniels Midland (ADM). The programme will provide ADM with cash proceeds of up to €280 million ($380 million) through the on-going purchase of receivables.

Trafigura revamps management team
Trafigura revamps management team
Hesham Zakai
26 March 2014

Global commodities trader Trafigura has announced that company co-founder and chairman Claude Dauphin has stepped down from his role as chief executive officer, with former head of mining and market risk Jeremy Weir replacing him.

Trafigura secures first significant yen loan
Trafigura secures first significant yen loan
Hesham Zakai
26 March 2014

Trafigura has negotiated its first significant loan in the Japanese currency, with the close of a JPY25.5 billion ($250 million) loan.

Banks jump onboard as Bunge revolver signs
Banks jump onboard as Bunge revolver signs
Jonathan Bell
24 March 2014

Agricultural producer and trading company Bunge has signed its three year, $1.75 billion revolving credit facility (RCF). The transaction was initially launched in February 2014 (TXF News 24 February 2014).

Stemcor boosted by new credit facility
Stemcor boosted by new credit facility
Hesham Zakai
24 March 2014

Stemcor has secured a $1.15 billion syndicated loan from five lenders in what could be a major boost for the British steel trader. The facility follows a high court ruling last month that allowed Stemcor to restructure its $1.3 billion debt – despite a court challenge from one of its creditors.

Vitol turns to former UK energy minister Charles Hendry
Vitol turns to former UK energy minister Charles Hendry
Hesham Zakai
20 March 2014

Swiss energy-trader Vitol has appointed Charles Hendry, Conservative MP for Wealden and a former energy minister, as a consultant on a part time basis. Hendry will provide advisory services on UK and EU energy policies.

Metalloinvest signs PXF facility
Metalloinvest signs PXF facility
Hesham Zakai
20 March 2014

Russian iron ore producer Metalloinvest has signed a $1.15 billion pre-export facility with a number of international banks.

JP Morgan to sell physical commodities arm to Mercuria Energy
JP Morgan to sell physical commodities arm to Mercuria Energy
Jonathan Bell
19 March 2014

JP Morgan has reached a definitive agreement to sell its physical commodities business to Mercuria Energy for $3.5 billion. The all cash transaction is expected to close in the third quarter of 2014, subject to regulatory approvals.

Nordgold agrees Sberbank facility for refinancing
Nordgold agrees Sberbank facility for refinancing
Hesham Zakai
18 March 2014

Russian gold producer Nordgold has agreed a five-year $500 million loan facility with Sberbank which it will use to repay its existing debt facilities of $465.5 million.

Jonathan Bell talks to MIT's Paul Cohen Dumani
Jonathan Bell talks to MIT's Paul Cohen Dumani
Jonathan Bell
17 March 2014

Jonathan Bell talks with Paul Cohen Dumani, general manager of MIT, about the company’s highly successful commodity finance collateral management software system for banks – TRAC.

JB's weekly round-up - 17 March 2014
JB's weekly round-up - 17 March 2014
Jonathan Bell
17 March 2014

We are delighted to announce the results of our “Perfect 10” – the 2013 Deals of the Year. We received in excess of 150 submissions and so whittling so many fantastic deals down to just 10 was a real challenge. Of our winners, 4 were commodity finance transactions, and 6 were export finance or at least had a significant ECA component.

Wilmar signs upsized RCF
Wilmar signs upsized RCF
Hesham Zakai
17 March 2014

Asia’s leading agribusiness group Wilmar has closed a $2.49 billion revolving credit facility (RCF) with a club of international banks.

Investor group formed to finance new Ghana Commodity Exchange
Investor group formed to finance new Ghana Commodity Exchange
Jonathan Bell
13 March 2014

An initiative, announced today, could soon see the establishment of the new Ghana Commodity Exchange (GCX). And beyond this, there is the potential for the GCX to become a West African hub.

Magnolia LNG project moves forward with further FTA export rights
Magnolia LNG project moves forward with further FTA export rights
Jonathan Bell
7 March 2014

The US-based Magnolia LNG export project is moving forward with two major developments taking place this week.

Hindustan Petroleum signs syndicated facility
Hindustan Petroleum signs syndicated facility
Jonathan Bell
28 February 2014

Hindustan Petroleum Corporation (HPCL) has secured a $500 million three-year term loan through bookrunners State Bank of India, DBS and RBS

Ecom Agroindustrial Asia launches revolver
Ecom Agroindustrial Asia launches revolver
Jonathan Bell
28 February 2014

Swiss-headquartered agricultural commodity trading group Ecom Agroindustrial Asia has launched a $300 million, 364-day revolving credit facility (RCF) into the market.

Senegal agri-sector gets trade boost from IFC and BICIS
Senegal agri-sector gets trade boost from IFC and BICIS
Jonathan Bell
26 February 2014

The IFC has launched a risk-sharing facility with Banque Internationale pour le Commerce et l’Industrie du Sénégal (BICIS) that will improve access to finance for the agribusiness and trade sectors in Senegal.

Bunge revolver in syndication
Bunge revolver in syndication
Jonathan Bell
24 February 2014

Agricultural producer and trading company Bunge is in the market with a three year, $1.75 billion revolving credit facility (RCF).

Trafi signs to take stake in Chinese copper smelter
Trafi signs to take stake in Chinese copper smelter
Jonathan Bell
21 February 2014

In a strategic move, commodity trader Trafigura together with Trafigura Investment (China) has signed an agreement to acquire a 30% equity stake in the Jinchuan Group's newly established copper smelter in Fangchengang, China.

South Stream Transport places pipe order as line gathers momentum
South Stream Transport places pipe order as line gathers momentum
Hesham Zakai
20 February 2014

South Stream Transport (SST) has placed an order for 75,000 12-metre pipes to be used in the construction of the South Stream pipeline in a sign of the project’s increasing momentum.

ED&F Man launches RCF into syndication
ED&F Man launches RCF into syndication
Jonathan Bell
20 February 2014

UK-headquartered specialist agricultural trader and broker ED&F Man has launched its annual revolving credit facility (RCF) into general syndication.

Keaton Energy secures financing facility from Investec
Keaton Energy secures financing facility from Investec
Hesham Zakai
19 February 2014

Keaton Energy, the South African coal mining and development company, has concluded a R350 million ($32 million) financing facility from Investec Bank, of which R300 million ($27.5 million) is a term loan and R50 million ($4.5 million) is a working capital facility.

Transbunker gains funds from VTB for oil terminal project
Transbunker gains funds from VTB for oil terminal project
Jonathan Bell
17 February 2014

VTB Bank has signed a $17 million corporate loan for Russian bunkering company Transbunker Group. The funds will be used for general working capital and to acquire assets for production expansion.

Lundin Petroleum signs largest European RBL yet
Lundin Petroleum signs largest European RBL yet
Jonathan Bell
14 February 2014

Swedish-headquartered upstream oil firm Lundin Petroleum has signed a $4 billion reserve-based lending (RBL) facility. The new Lundin RBL is believed to be the largest RBL ever arranged for an upstream oil and gas company in the European market.

Sberbank arranges financing for Kazakhstan’s Maten Petroleum
Sberbank arranges financing for Kazakhstan’s Maten Petroleum
Jonathan Bell
13 February 2014

Sberbank Corporate & Investment Banking (CIB) together with SB Sberbank has arranged financing for Kazakhstan’s Maten Petroleum. The funds will be used for the company’s general corporate and trade purposes.

Trafi to build LatAm hub in Montevideo
Trafi to build LatAm hub in Montevideo
Jonathan Bell
10 February 2014

Commodity trader Trafigura has announced its intention to invest in and build its regional hub in Montevideo, Uruguay, to complement regional offices already established in Houston, Geneva and Singapore. The Montevideo office will become the group’s Latin American (LatAm) regional hub.

Gazprom Neft reviews debt portfolio
Gazprom Neft reviews debt portfolio
Jonathan Bell
6 February 2014

Russian oil and gas producer Gazprom Neft’s board of directors has been reviewing the company’s debt structure, with a view to the optimisation of raising funds.

Banks flock to Trafigura RCF despite reduced pricing
Banks flock to Trafigura RCF despite reduced pricing
Jonathan Bell
3 February 2014

Commodity trader Trafigura is understood to have secured a significant reduction on the pricing of its $4 billion revolving credit facility (RCF) currently in the market. However, despite the reduction from last year’s RCF, banks are understood to be flocking to the deal.

Suek signs syndicated PXF facility
Suek signs syndicated PXF facility
Hesham Zakai
29 January 2014

Russian coal mining company Siberian Coal Energy (Suek) has secured a five-year, $1.5 billion syndicated pre-export finance (PXF) facility. The deal was signed on 28 January 2014.

First Quantum mandates banks for new facilities
First Quantum mandates banks for new facilities
Jonathan Bell
28 January 2014

First Quantum Minerals (First Quantum) has formally mandated banks to arrange a new $2.5 billion five-year term loan and revolving credit facility. The company has also announced today other optimisation measures of its capital structure.

EBRD and HSBC provide Egypt’s IPR with energy loan
EBRD and HSBC provide Egypt’s IPR with energy loan
Hesham Zakai
28 January 2014

The European Bank for Reconstruction and Development (EBRD) and HSBC Egypt have combined to provide a $100 million financing facility for independent Egyptian exploration and development company Improved Petroleum Recovery (IPR).

Sustainable commodity finance gains momentum
Sustainable commodity finance gains momentum
Hesham Zakai
27 January 2014

The Banking Environment Initiative (BEI) has set out trade financing solutions aimed at increasing sustainability in the commodity trade sector, in a report entitled ‘Sustainable Shipment Letter of Credit’ released on 24 January.

Pacific Drilling appoints new CFO
Pacific Drilling appoints new CFO
Jonathan Bell
23 January 2014

Houston-headquartered, specialist oil exploration company Pacific Drilling has appointed Paul Reese to the role of chief financial officer (CFO), effective 28 February 2014.

Wilmar mandates banks for RCF syndication
Wilmar mandates banks for RCF syndication
Jonathan Bell
20 January 2014

Singapore-headquartered agri-group Wilmar International has mandated the banks for the launch of its new $1.75 billion revolving credit facility (RCF) syndication.

StanChart signs loan for agri-development in Vietnam
StanChart signs loan for agri-development in Vietnam
Hesham Zakai
17 January 2014

Standard Chartered (StanChart) Vietnam has signed a $70 million trade facility agreement with An Giang Plant Protection (AGPPS) to allow the agricultural business to develop its paddy field purchase model in south-west Vietnam.

Uralchem secures mega-loan for Uralkali stake
Uralchem secures mega-loan for Uralkali stake
Jonathan Bell
6 January 2014

Russian mineral fertiliser producer Uralchem OJSC has secured a new mega-loan amounting to $4.5 billion. A major part of the loan will be used to pay for the purchase of an approximate 20% stake in the Russian potash producer Uralkali.

Uralkali signs unsecured loan with Sberbank
Uralkali signs unsecured loan with Sberbank
Jonathan Bell
20 December 2013

Russian fertiliser production company Uralkali has signed an unsecured, non-revolving $2 billion credit line with Sberbank. The credit line will be open from 1 February to 31 December 2014. The facility has a five-year tenor, maturing on 18 December 2019. No detail has been released on pricing.

Puma completes financing for Australian acquisitions
Puma completes financing for Australian acquisitions
Jonathan Bell
20 December 2013

Puma Energy (Australia) has finally closed the A$460 million ($412 million) financing for its acquisitions of Ausfuel Gull, Neumann Petroleum and Central Combined Group. The moves to acquire these interests began earlier in 2013.

Dana Petroleum secures credit facility
Dana Petroleum secures credit facility
Jonathan Bell
20 December 2013

Dana Petroleum has secured a new $1.5 billion credit facility from a syndicate of international banks.