Mercuria Energy Trading Pte Ltd (the "Company") USD281 Million Syndicated
Revolving Credit Facility (the "Facility")
The Company mandated BNP Paribas, ING Bank N.V., Societe Generale Corporate & Investment Banking and Standard Chartered Bank (each a "Mandated Lead Arranger and Bookrunner" or "MLAB" and together the "MLABs") for this transaction. Proceeds of the Facility will be utilised to finance the working capital requirements of the Company for its core activities. The revolving credit facility has a tenor of one year, and carries an interest rate of 1.50% per annum over LIBOR.
"We are very pleased to have such a positive response from our banking partners in Asia. We are building our presence in the region and this Revolving Credit Facility confirms the significance of our Asian business as well as the strength and importance of the Mercuria
The ten other participating banks in the transaction include:
Mercuria Energy Trading Pte Ltd, a wholly owned
Mercuria Group is an international group of companies active over a wide spectrum of global energy markets including crude oil and refined products, biodiesel and vegetable oil, natural gas, power, coal derivatives and carbon emissions. Diversified and rapidly growing, the Group currently trades oil and petroleum products in all main markets worldwide. In total nearly 82 million tonnes of physical oil and products were sold by the Group in 2008 versus nearly 61 million tonnes in 2007.
For further information: about the Facility, kindly contact the following persons: From Mercuria Energy Trading Pte Ltd, Ms Jennifer Chan, Chief Financial Officer, Asia Pacific, Tel: +65-6416-2700; From ING Bank N.V., Mr Tibor Papp, Head of Syndicated Finance, Asia Pacific, Tel: +65-6232-6265; From BNP Paribas, Mr Flavian Sim, Loan Syndication, South East Asia & India, Tel: +65-6210-1384; From Societe Generale Corporate & Investment Banking, Mr Jose Antonio Olano, Head of Loan Syndication and Distribution, Asia Pacific, Tel: +852-2166-5614; From Standard Chartered Bank, Ms Velarie Lee, Syndications - South East Asia, Tel: +65-6228-3446
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