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Banking industry

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

Strategic Insights

— 1 min read

Mercuria Energy Trading has successfully signed a US$1,250,000,000 Multicurrency Revolving Credit Facility, arranged by a syndicate of 33 banks, exceeding the initial target of US$900,000,000. The facility consists of a US$1,105,000,000 364-day Tranche A and a US$145,000,000 3-year Tranche B. The move is a testament to the company's growing diversified business model, which has demonstrated significant volume and profitability growth, particularly in the coal business and its Vesta terminal operations.

Key Takeaways:

  • Mercuria Energy Trading has secured a US$1.25 billion multicurrency revolving credit facility, exceeding the initial target of US$900 million.
  • The facility is split into a US$1,105 million 364-day tranche A and a US$145 million 3-year tranche B.
  • A total of 33 banks participated in the deal, including the 9 mandated lead arrangers and bookrunners.
  • The successful transaction is attributed to the company's diversified business model, which has shown significant growth in volume and profitability.
  • Mercuria's commitment to trading and operational excellence, as well as its exceptional risk management track record, has attracted top talent in the commodity and financial world.
  • The company has invested in upstream and downstream assets, including oil reserves, terminals, coal mining, and biofuels.

Statistics:

  • US$1,250,000,000: The total amount of the multicurrency revolving credit facility.
  • US$1,105,000,000: The amount of the 364-day tranche A.
  • US$145,000,000: The amount of the 3-year tranche B.
  • 33: Number of banks participating in the deal.
  • 6 years: The length of time Mercuria has been deploying its diversified business model.
  • 2009: The year in which Mercuria demonstrated continuing volume and profitability growth.

Sources:

  • Mercuria Energy Trading's press release, June 14, 2010 /PRNewswire/
  • BNP Paribas, Credit Agricole Corporate and Investment Bank, Fortis Bank (Nederland) N.V., ING Bank N.V., Natixis, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as "Rabobank International"), The Royal Bank of Scotland plc, Societe Generale Corporate & Investment Banking, and Standard Chartered Bank (PRNewswire, June 14, 2010)

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