Belgian trading company Traxys has secured a US$875mn refinancing facility. The deal was originally launched at US$750mn but was oversubscribed, with the borrower scaling back some commitments and taking US$875mn.
Mandated lead arrangers and bookrunners on the deal were BNP Paribas, BNP Paribas Fortis, Fortis Bank (Nederland), ING Geneva, Natixis, RBS, Société Générale, and Standard Chartered Bank. BNP Paribas Fortis is the facility agent.
The deal consists of two tranches; a three-year portion and a 364-day tranche (with an optional 364-day extension). Repayment is due in bullet form.
Traxys mainly focuses on the sourcing of base metals and concentrates, materials for steel mills, alloying metals, industrial minerals and chemicals and carbon products.
Last Updated November 23, 2009
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