Trafigura Group Pte Ltd signs USD 2.05 billion European multicurrency syndicated revolving credit facility

Singapore - 14 March 2019

Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, has successfully signed a new 365-day multi-currency syndicated revolving credit facility (the “365-day ERCF”) totaling USD2.05 billion. The 365-day ERCF, initially launched at USD1.5 billion, was very well received by the bank market and closed substantially oversubscribed, allowing the Company to upsize the facility.

The 365-day ERCF will be used to refinance the maturing USD2.2 billion 365-day tranche of the Company’s existing USD5.725 billion facility dated 15 March 2018 (the “2018 ERCF”), as well as for general corporate purposes.

Christophe Salmon, Chief Financial Officer for Trafigura, commented: “We have successfully refinanced Trafigura’s one year flagship credit facility at tighter pricing levels and with the support of a larger and more diverse bank group. We were also pleased to see an overwhelming support for the extension of the three year tranche of our 2018 ERCF which we ran concomitantly to the refinancing of the one year credit facility. We are grateful for the trust that the banking community gives to Trafigura year after year and are delighted to welcome new banks to the facility.”

The facility was arranged by Mandated Lead Arrangers & Bookrunners Citigroup Global Markets Limited, Mizuho Bank, Ltd. and MUFG Bank, Ltd. acting as Active Bookrunners, along with ABN AMRO Bank N.V., Bank of America Merrill Lynch International Designated Activity Company and Commerzbank AG, London Branch acting as Passive Bookrunners. In addition to the six Mandated Lead Arrangers & Bookrunners, three Mandated Lead Arrangers and 31 additional financial institutions joined the 365-day ERCF during syndication, totaling 40 banks.

In addition, the Company decided to exercise the first extension option available on the 3-year tranche of its 2018 ERCF, thereby extending the facility by 365 days.

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 49.3 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. The Company is owned by around 700 of its 4,300 employees who work in 66 offices in 38 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD180.7 billion in 2018. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: https://www.trafigura.com

Trafigura Beheer B.V. press release