Trafigura Trading LLC, a wholly-owned subsidiary of Trafigura Group Pte Ltd successfully renewed its North American Borrowing Base Credit Facility. Despite a strong oversubscription, the company decided to slightly reduce the two-year facility from $3.5 billion to $3 billion because of a lower financing need in the lower priced commodity environment.  The facility supports Trafigura Trading's energy trading, logistics and merchant activities in North America.  This includes its crude and condensate supplies from the Eagle Ford and Permian basins and related to its interest in the Buckeye Texas Partners terminal in Corpus Christi, Texas.

Trafigura Trading's North American Chief Financial Officer, Rodney Malcolm, said: "The Trafigura Group is pleased to have had another successful refinancing with the facility being oversubscribed.  This allows us to continue to meet the working capital needs of our growing business.  The continuing commitment from our banking partners allows us to continue to secure market opportunities and grow our energy-related assets."

Acting as lead arrangers and joint bookrunners were MUFG (also acting as Administrative Agent), Natixis, New York Branch and SG Americas Securities, LLC.

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world.