Swiss firm Mercuria Energy Trading has launched a US$1.25bn multi-currency revolving credit facility into the syndication market with the assistance of nine mandated lead arrangers.

The facility will be used to refinance the firm’s existing US$1.25bn revolving facility from June 2010.

It will be split into a one-year tranche A and a three-year tranche B, both of which have been offered to the syndication market.

Tranche A carries a single-use 346-day extension option.

ABN Amro, BNP Paribas, Crédit Agricole, ING, Natixis, Rabobank, Société Générale, Standard Chartered and RBS are acting as mandated lead arrangers and bookrunners on the deal.