Energy and commodities group Mercuria has closed US$2.5bn-worth of multicurrency revolving credit facilities (RCFs). The facilities were oversubscribed by 35% following an initial launch at US$2.1bn last April, and were subsequently increased in aggregate, with a scale-back in participations.

“We are very pleased with the strong outcome. More than 50 banks committed to the facilities including a number of new geographically diverse banks,” says Guillaume Vermersch, group chief financial officer of Mercuria, adding: “These Facilities reflect Mercuria’s sustained business growth boosted by the recent acquisition of the JP Morgan physical commodities trading books.”

The facilities include a US$ 1.9bn 364-day tranche and a US$600mn three-year RCF. According to a Mercuria statement, they will be used for general corporate purposes and working capital including the refinancing of the group’s maturing US$2.055bn 364-day and US$595mn three-year European RCFs dated June 20, 2014.

ABN Amro Bank, Crédit Agricole, Industrial and Commercial Bank of China, London Branch, ING Bank, Natixis, Rabobank, Royal Bank of Scotland, Société Générale and Sumitomo Mitsui Banking Corporation acted as mandated lead arrangers and bookrunners.

The following banks joined in general syndication:

Mandated Lead Arrangers

  • Bank of America Merrill Lynch
  • Commonwealth Bank of Australia
  • Credit Suisse
  • DBS Bank
  • Emirates NBD
  • Lloyds Banking Group
  • Mizuho Bank, Ltd.
  • National Bank of Abu Dhabi

Lead Arrangers

  • Deutsche Bank
  • First Gulf Bank
  • UBS
  • UniCredit


  • KfW IPEX Bank
  • Nedbank
  • State Bank of India
  • The Bank of Tokyo-Mitsubishi, Ltd.


  • Commerzbank
  • Banco Do Brasil
  • Banco de Sabadell
  • Bank of Nova Scotia
  • ANZ
  • BHF Bank
  • Commercial Bank of Dubai
  • Fifth Third Bank
  • Hang Seng
  • Landesbank Baden-Wuerttemberg
  • Raiffeisen Bank International
  • Sumitomo Mitsui Trust Bank
  • Zürcher Kantonalbank


  • Arab Bank PLC
  • Bank Leumi
  • DZ Bank
  • Hua Nan Commercial Bank
  • Habib Bank
  • Axis Bank
  • Banque Cantonale de Genève
  • Banque Cantonale Vaudoise
  • Banque de Commerce et de Placements
  • Bank of Taiwan
  • First Commercial Bank
  • GarantiBank International
  • Taiwan Co-operative Bank
  • UBAF