Mercuria closes $3.4 billion senior secured borrowing base credit facility

Chicago, Dec. 12 – Mercuria Energy Trading closed on a $3.4 billion multiyear senior secured borrowing base credit facility, according to a press release.

The revolving credit facility was upsized by $100 million due to oversubscription.

Over the past year, the facility had been expanded by $1.1 billion via the accordion feature.

The borrowers from the group are Mercuria Energy America LLC, Minerva Bunkering (USA) LLC and Mercuria Commodities Canada Corp.

Societe Generale, MUFG Bank Ltd., Natixis, New York Branch, Cooperatieve Rabobank UA, New York Branch and ING Capital LLC were the joint lead arrangers and joint bookrunners. Sumitomo Mitsui Banking Corp. was a joint lead arranger.

Societe Generale acted as administrative agent and collateral agent.

Acting as co-syndication agents were MUFG, Natixis, Rabobank, SMBC and ING.

Credit Agricole CIB, Mizuho Bank, Ltd. and UniCredit Bank AG, New York Branch are co-documentation agents.

An additional 12 bank participated at various commitment levels.

Mercuria is a Geneva-based commodity trading company active in a spectrum of global energy markets. The North American hub for the company is in Houston.

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