Gunvor USA, an indirect wholly-owned subsidiary of Gunvor Group Ltd, has successfully closed the syndication of its US $2.34 billion uncommitted borrowing base credit facility. The facility, which benefited from strong oversubscription, includes a US...
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November 01, 2024, 08:00 AM
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Trafigura Group, a market leader in the global commodities industry, announced the closing of its new Syndicated Revolving Credit Facility (“RCF”) and Term Loan Facilities at c. USD2.7 billion-equivalent. The Facilities were substantially...
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October 24, 2023, 07:00 AM
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Effects from the pandemic and Ukraine war continue to reverberate through the global economy. Food and energy prices remain high, though prices for underlying commodities have lost upward momentum as economic fears rise. The drop in commodity prices...
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July 15, 2022, 07:00 AM
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LSQ recently originated a $5 million credit facility for a Texas-based commodities logistics company.The firm will use the capital to fund growth with several of the country’s largest steel manufacturers. Prior to the new facility, the company had a...
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March 03, 2022, 07:13 AM
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Mercuria's North American operating entities closed its $2,200,000,000 multi-year senior secured borrowing base credit facility. The Facility was over-subscribed, enabling Mercuria to increase the size by $500,000,000 and add a 2-year tranche. The...
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December 08, 2021, 07:42 AM
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Vitol S.A., an energy and commodities company, announced that it has closed syndication of a new US$ 8.0 billion revolving credit facility.The Facility comprises a 3-year tranche and a 364-day tranche, with over US$7.0bn commitments in the 3-year...
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October 05, 2017, 07:05 AM
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It’s no surprise that the global mining industry has endured a difficult few years, and for many mining companies, optimism has been in short supply. Persistently low commodity prices, waning demand and tightening capital and credit markets have been...
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October 19, 2016, 07:23 AM
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