Global commodities trader Trafigura Group Pte Ltd announced the closing of its new syndicated Revolving Credit Facility (RCF) and Term Loan Facilities at approximately USD 4.4 billion. The package was upsized from an initial launch amount of USD 3.5 billion-equivalent after being substantially oversubscribed, with 40 financial institutions participating in the transaction.
The new facilities comprise a 365-day USD 1.1 billion revolving credit facility, a one-year offshore renminbi (CNH) term loan facility equivalent to USD 1.6 billion, a three-year USD 1.5 billion term loan facility, and a USD 200 million five-year revolving credit facility. The transaction will refinance a maturing three-year term loan from 2023 alongside one-year USD and CNH tranches from 2025, in addition to supporting general corporate purposes.
Stephan Jansma, Group Chief Financial Officer of Trafigura, stated that the group secured about USD 950 million in additional liquidity, primarily in the three-year and five-year tranches. Jansma highlighted strong support from lenders across Asia and the Middle East, noting robust participation from Chinese banking institutions.
Mandated lead arrangers and bookrunners across the tranches included UAE-based Abu Dhabi Commercial Bank PJSC (ADCB) as well as major Chinese lenders such as Agricultural Bank of China Shanghai Huangpu Sub-branch, Bank of Communications Shanghai Putuo Sub-branch, China Construction Bank Shanghai Pudong Sub-branch, China CITIC Bank Shanghai Branch, China Merchants Bank Singapore Branch, and China Bohai Bank Shanghai Branch.
Sources
- Trafigura · 2026-10-01
