GENEVA, July 11,
2024 /PRNewswire/ -- Mercuria Energy Trading S.A
("Mercuria") is pleased to announce the successful closing of its
USD 2,344,000,000 Multicurrency
Revolving Credit Facilities (the "Facilities") as part of its
broader USD 3,200,000,000 package of
European Revolving Credit Facilities.
Mercuria mandated Bank of China Limited, London Branch, Crédit Agricole Corporate and
Investment Bank, Coöperatieve Rabobank U.A., Emirates NBD Bank
(P.J.S.C.), London Branch, First
Abu Dhabi Bank P.J.S.C., Industrial Commercial Bank of China
Limited, London Branch, ING Bank
N.V., Mizuho Bank Ltd, Natixis, Société Générale, Sumitomo Mitsui
Banking Corporation, UBS Switzerland AG and UniCredit Bank GmbH as
Bookrunning Mandated Lead Arrangers.
The Facilities were launched at USD
2,144,000,000 on 10th April
2024, and a virtual bank meeting was held on 23rd April 2024. Following successful
syndication, the Facilities were oversubscribed, with Mercuria
choosing to scale back lender commitments to an increased amount of
USD 2,344,000,000 in
aggregate. In addition to the Bookrunning Mandated Lead
Arrangers, 29 financial institutions joined the Facilities during
syndication.
The Facilities comprise a 1-year Multicurrency Revolving Credit
Facility, a 1-year Multicurrency Revolving Credit/Swingline/OBSI
Facility, and a 1-year Multicurrency Revolving Credit/OBSI
Facility, each with two additional 12-month extension options. The
Facilities will be used for working capital and general corporate
purposes.
"The successful renewal and increase of our European RCF
underlines the strong support of our banking partners, who value
the resilience and performance of the business model developed by
Mercuria over the past 20 years. Continued access to capital is key
to supporting our growth plans and further progressing our positive
impact within the Energy Transition space. Consequently, we are
pleased to welcome four new lenders to the Facility this year, in
addition to the increased support of existing lenders. We look
forward to partnering with them on our strategic growth
initiatives." said Guillaume
Vermersch, Group Chief Financial Officer of Mercuria.
About Mercuria
Established in 2004, Mercuria is one of the world's largest
independent energy and commodity groups, bringing efficiency to the
commodity value chain with technology, expertise, and low-carbon
solutions. The company established itself as a leader in the energy
transition by pledging more than 50 percent of new investments
toward renewables and transitional energy. The Group has made
significant investments in projects such as renewable power, energy
storage, grid optimization, critical transition minerals recycling
and environmental products.
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SOURCE Mercuria Energy