Castleton Commodities International LLC (CCI) closed a $2.2 billion borrowing base facility consisting of a $1 billion 1.5-year tranche and a $1.2 billion 2-year tranche. The facility also includes a $1 billion accordion, which remains available to support future liquidity needs and growth. A diverse group of 17 banks from eight countries participated in the facility.

BNP Paribas; MUFG Bank; Société Générale; Citibank, Coöperatieve Rabobank, New York branch; Credit Agricole Corporate and Investment Bank; ING Capital; Natixis, New York branch; and Wells Fargo Bank served as joint lead arrangers and joint bookrunners for the facility.

"We are extremely pleased with the successful renewal of our multi-currency global borrowing base facility," said CCI's Chief Financial Officer Rick Dolcetti. "The facility was once again oversubscribed with CCI receiving over $2.8 billion in total commitments. We appreciate the sustained support from our deep banking relationships which demonstrates confidence in CCI's well-established global businesses."