Commodities traders line up for refis as ED&F Man roars ahead

Commodities firms are lining up to tap the syndicated loan market in the first half of the year. A refinancing from the UK’s ED&F Man, launched at the beginning of the year, has already attracted commitments from lenders.

  • 18 Jan 2011

Stemcor, Trafigura Beheer and Glencore are all set to refinance outstanding facilities that are due to mature soon.

“ED&F Man is the first of the commodity companies to come to market, but they’re all in a long line waiting to follow,” said a banker close to the deal. “But ...

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