Mercuria closes $2.2bn RCF, but takes less than last year

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Europe

Jonathan Bell

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Mercuria Energy Trading has closed its $2.2 billion multi-currency revolving credit facilities. In a sign of the times of banks’ appetite for strong commodity trading company assets, the syndication was oversubscribed by almost 25%. However, the final take by the company is $300 million less than last year’s take.