Trafigura closed the refinancing of the 2010 Trafigura Refined Metals borrowing base facility at $2 billion. The RMBB is structured as a 1-year uncommitted secured facility. The facility provides Trafigura with liquidity at a competitive price for working capital financing needs.

The facility was first implemented in 2010 at $1.02 billion and has grown to become a $2 billion, 16-bank syndicate in 2015. Deutsche Bank acted as coordinating bank, facility agent, security agent and account bank.

In addition to Deutsche Bank, Standard Chartered Bank, Société Générale, Natixis, Mizuho Bank, Crédit Agricole, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main; The Bank of Tokyo-Mitsubishi, Oversea Chinese Banking, Commonwealth Bank of Australia, Rabobank, KfW IPEX-Bank, DBS Bank, Citi, Westpac Banking and Commerzbank Aktiengesellschaft, joined the facility as original lenders.

Laurent Christophe, head of Corporate Finance for Trafigura said, “We are delighted that the facility which is the cornerstone of financing for our metal trading business continues to grow and that a number of new banks having joined this year.”

“Deutsche Bank is proud to have coordinated and arranged this transaction which demonstrates the Bank’s strong focus to deliver global solutions to global partners,” Michael Spiegel, Global Head Trade Finance and Cash Management for Corporates, Global Transaction Banking, Deutsche Bank.

Founded in 1993, the Trafigura Group is a global, independent commodity trader, specializing in the oil, minerals and metals markets.