Commodities traders line up for refinancing

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.

  • 21 Jan 2011

"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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