Mercuria signs $1.645bn after oversubscription
Mercuria has become the latest commodities trading firm to increase its multicurrency revolving credit facility after oversubscription during syndication, signing a $1.645bn facility after initially planning a loan of just $1.25bn.
The new transaction, the firm’s core syndicated line, will replace a $1.25bn revolver signed in June last year. The deal is split between a $1.395bn 364 day tranche ‘A’, which has a one year extension option, and a $250m three year tranche ‘B’.
ABN Amro, BNP Paribas, Crédit
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