Soft commodity supplier Armajaro Trading has signed a US$117.5m-equivalent revolving credit facility led by BNP Paribas and Standard Chartered.

The facility was launched at US$75mn in February and closed well oversubscribed, raising US$110mn and €5.9mn in general syndication.

Armajaro will use the loan to refinance an existing US$80mn facility closed in 2011, finance working capital requirements, and for general corporate purposes relating to is coffee, cocoa and sugar trading business.

The one-year facility includes an extension option – at the lenders’ discretion – of the same period.

BNP Paribas and Standard Chartered acted as mandated lead arrangers and bookrunners, and were joined in syndication by Barclays, EBI, FimBank, ING and Zenith Bank (as mandated lead arrangers), UBS (lead arranger), and ABN Amro, Banco do Brasil, Bank Leumi, FBN Bank, Fifth Third Bank, Rabobank, Société Générale and Zürcher Kantonalbank (arrangers).