Commodities traders line up for refinancing

21 Jan 2011

Commodities firms are lining up to tap the syndicated loan market in the first half of the year as a refinancing from the UK’s ED&F Man, launched at the beginning of January, has already attracted commitments from lenders. Stemcor, Trafigura Beheer and Glencore are all set to refinance outstanding facilities that are due to mature soon.

"ED&F Man is the first of the commodity companies to come to market, but they’re all in a long line waiting to follow," said a banker close to the deal. "But these are just part of a very strong pipeline of deals across Europe."

ED&F Man is looking to ...

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