Mercuria signs $1.645bn after oversubscription

Mercuria has become the latest commodities trading firm to increase its multi-currency revolving credit facility after oversubscription during syndication, signing a $1.645bn facility after initially planning a loan of just $1.25bn.

  • 10 Jun 2011

"The borrower took the full increase available," said a banker working on the facility.

The new transaction, the firm’s core syndicated line, will replace a $1.25bn revolver signed in June last year. The deal is split between a $1.395bn 364 day tranche ‘A’, which has a one year extension ...

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