Mercuria gets two more commitments in general
Singapore’s Mercuria Energy Trading, a subsidiary of a Swiss commodities firm, has recieved $55m of commitments in the general syndication phase of a $330m revolving credit facility. It could get over $200m more in the coming week, underlining the enduring popularity of commodities traders in the Asia’s loan market.
The loan is split into two revolving credit facilities: a one year tranche which pays a margin of 150bp over Libor, and a three year $90m piece paying 260bp over. The reference rate is one, two, three or six month Libor at the borrower’s discretion.
The borrower has
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