Traxys out to market as Petroplus readies launch

Belgian metals trader Traxys is in the market with a $750m secured revolver, which will refinance a borrowing base facility from 2006. The loan is set to be followed shortly by the launch of general syndication for Dutch oil refiner Petroplus’s $900m facility as the flow of deals starts to pick again ahead of September.

  • 21 Aug 2009
Both facilities are structured as borrowing base facilities, in which the drawn revolver is secured against the current value of the assets being financed, said bankers close to the deals. Commodity traders dominated the first half of 2009 with a steady stream of successful refinancings, which Traxys and ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%