Trafigura AG, a wholly owned subsidiary of Trafigura Beheer BV, renewed its U.S. borrowing base credit facility and extended the maturity to two years, the company announced on Oct. 6. The US$3.53 billion facility, which was oversubscribed, supports Trafigura AG’s North American energy trading, logistics and merchanting activities—including its increasing crude and condensate volumes from the growing Eagle Ford Shale and its interest in the Buckeye Texas Partners terminal in Corpus Christi, Texas.
The Bank of Tokyo-Mitsubishi UFJ Ltd., Natixis, New York Branch and SG Americas Securities LLC acted as lead arrangers and joint book-runners. The Bank of Tokyo-Mitsubishi UFJ Ltd. also acted as administrative agent.
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