Mercuria Energy Trading Secures US$1.25 Billion Multicurrency Revolving Credit Facility

Strategic Insights -

Mercuria Energy Trading has successfully signed a US$1,250,000,000 Multicurrency Revolving Credit Facility, which was initially launched at US$900,000,000. The Facility was arranged by a syndicate of 13 banks, including BNP Paribas, Credit Agricole Corporate and Investment Bank, and Standard Chartered Bank, with an additional 24 banks committing during general syndication. This significant funding will support Mercuria's diversified business model, which has demonstrated strong growth and profitability over the past six years.

Key Takeaways:

  • Mercuria Energy Trading secured a US$1,250,000,000 Multicurrency Revolving Credit Facility, a significant increase from the initial launch size of US$900,000,000.
  • The Facility was arranged by a syndicate of 13 banks, including BNP Paribas, Credit Agricole Corporate and Investment Bank, and Standard Chartered Bank, with an additional 24 banks committing during general syndication.
  • The Facility is split into a US$1,105,000,000 364-day Tranche A and a US$145,000,000 3-year Tranche B.
  • Mercuria's diversified business model has demonstrated strong growth and profitability over the past six years, with a substantial commitment to the coal business and operational excellence.
  • The company's outstanding performance has attracted some of the best talent in the commodity and financial world, with a focus on trading and operational excellence and a strong track record of risk management.

Statistics:

  • The Facility is worth US$1,250,000,000, with an initial launch size of US$900,000,000.
  • The syndicate of 13 banks was joined by an additional 24 banks during general syndication for a total of 37 participating banks.
  • Mercuria's committed business model has seen a significant increase in volume and profitability over the past six years.
  • The company's coal business has seen substantial growth and investment, with a focus on operational excellence.
  • Mercuria has upstream and downstream assets ranging from oil reserves in Argentina, Canada, and the US to oil and products terminals in Europe and China, with a substantial investment in the coal mining industry and a biofuels plant.

Sources:

  • [Mercuria Energy Trading press release], "Mercuria Energy Trading secures US$1,250,000,000 Multicurrency Revolving Credit Facility", [no date].
  • [Euclid Infotech Pvt. Ltd.], "Mercuria Energy Trading Secures US$1.25 Billion Multicurrency Revolving Credit Facility", [no date].