Six One Commodities renews revolver, expanding to $745 million

By William Gullotti

Buffalo, N.Y., Sept. 28 – Six One Commodities LLC said it renewed its one-year revolver with its existing lenders, upping the borrowing base to $745 million, according to a press release on Wednesday.

In addition to expanding the size from $540 million, the updated facility also features a $255 million accordion for a total of $1 billion of borrowing capacity.

ING Capital LLC, Wells Fargo Bank, NA, MUFG Bank, Ltd. and Societe Generale are the joint lead arrangers of the facility, with HSBC Bank USA NA and Cooperative Rabobank UA listed as additional lenders.

The facility will continue to be used to provide liquidity for the company’s growing physical business.

Six One Commodities is a North American natural gas and power merchant formed in August 2018. Its headquarters are in Stamford, Conn.

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