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Unedited press release:
Trafigura Group Pte Ltd closes USD2.3 billion-equivalent liquidity facility
Singapore, 23 March 2022 – Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, has successfully closed the syndication of its multi-currency revolving credit facility (the “Facility”) totalling USD2.3 billion-equivalent, a significant increase from the initial underwritten amount of USD1.2 billion-equivalent. Mizuho Bank, Ltd., Société Générale, Sumitomo Mitsui Banking Corporation and UniCredit Bank AG acted as Mandated Lead Arrangers, Bookrunners and Underwriters.
Christophe Salmon, Group Chief Financial Officer for Trafigura, said: “We are very grateful to the 12 banks who joined the Facility, in addition to the initial group of four underwriters, to close this facility in record time. This additional liquidity buffer enhances Trafigura’s ability to manage the current unprecedented market conditions, and demonstrates once again strong support from the banking community.”