Mercuria scales back lenders in US revolver

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By Mike Turner
21 Nov 2019

Switzerland’s Mercuria has signed a $1.9bn revolving credit facility through its US arm, with the commodity trading company scaling back lender commitments.

The facility has a one year maturity. It replaces an existing $1.7bn revolving credit facility. 

It was “heavily oversubscribed”, according to the borrower, which scaled lenders back as a result.

Société Générale was sole coordinator on the loan. The French bank was in a joint lead arranger group alongside MUFG, ...

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