Trafigura Group upsizes Asian credit facilities
Oct 31, 2022
Trafigura closes new $1.2 billion loan, refinances flagship facility, in response to oil price surge
A week after refinancing its flagship $5.295 billion European syndicated revolving credit facilities, Trafigura has raised a new $1.2 billion loan to address ongoing volatility in oil markets.
Singapore-headquartered commodities trader, Trafigura Group, on Tuesday (March 8) announced the close of a new $1.2 billion underwritten, multi-currency revolving credit facility. The new nine-month facility is in response to the “unprecedented increase in commodity prices as a result of the war in Ukraine”, the announcement said.
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