Energy and commodities trader Mercuria has signed revolving credit facilities (RCFs) for the amount of US$1.1bn.

A group of 27 banks joined the financing, which was  arranged by ANZ, the Bank of Tokyo-Mitsubishi UFJ, DBS, Emirates NBD Capital, First Gulf Bank, Industrial and Commercial Bank of China, ING Bank, Mizuho, Société Générale, Sumitomo Mitsui Banking Corporation and United Overseas Bank acting as bookrunning mandated lead arrangers (MLAs).

The financing includes a 364-day US$515mn facility (with an offshore renminbi option), a 364-day US$200mn swingline facility, as well as a three-year US$385mn facility. All three facilities are revolving in nature.

The facilities, which were oversubscribed by circa 38% above the initial launch amount, will be used to refinance Mercuria’s maturing US$1bn syndicated RCF from 2014, as well as general corporate and working capital purposes.

“We are very pleased with the continued support of the banking community as evidenced by the healthy oversubscription and a total of 27 banks committing to the facilities,” says Guillaume Vermersch, Mercuria’s CFO. “The lenders in our banking group understand Mercuria’s operating strategy and are confident in our business model. We look forward to deepening our working relationship with our financing partners.”

The following banks joined the bookrunning MLAs in general syndication:

Mandated lead arrangers

Bank of China, Singapore Branch

Rabobank, Singapore Branch

Lead arrangers

Oversea-Chinese Banking Corporation

Banco do Brasil

Westpac Banking Corporation


Commonwealth Bank of Australia


Sumitomo Mitsui Trust Bank



Hang Seng Bank Limited

The Bank of East Asia

BRED Banque Populaire

Raiffeisen Bank International

Bank of Panshin

Union De Banques Arabes Et Francaises

Zenith Bank