Multi-commodity trader MET Group has raised €560mn in a senior revolving credit facility (RCF).

The transaction includes a debut unsecured 364-day revolving credit facility which closed at €115mn, and the refinancing of an existing secured facility which is due to expire on February 20, 2017.Both facilities include evergreen extension options allowing MET to increase the facilities to €760mn.

Commenting on the use of the funds to GTR, head of group treasury Marc Pfefferli says they will be used for financing the trading and distribution activites in Central Europe.

The debut unsecured RCF will be used to finance upcoming acquisitions,” he adds.

All existing lenders remained in the facility with ING acting as facility and security agent. Other lenders include Credit Suisse, Citibank, OTP Bank, UniCredit, Rabobank International and Raiffeisen Bank.