Mercuria beefs up banking group in $1.7bn facility

AdobeStock_NICKEL_575X375_03Sep2020
By Mike Turner
25 Nov 2020

Mercuria, the Swiss commodity trading firm, has signed a $1.7bn credit facility for its US business, with the company reducing the size of the deal being refinanced but continuing the trend of trading firms of adding to their US banking groups.

Mercuria’s new loan is a one year borrowing base revolving credit facility — where the amount of credit varies according to the level of the borrower's current assets. It is $200m smaller than the one year deal being refinanced. 

The borrower has added banks to its US facility through ...

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