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.
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 theyre all in a long line waiting to follow, said a banker close to the deal. But
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