Mercuria Energy Group, a global energy and commodities group, announced the successful signing of credit facilities in the amount of $1.1 billion that was joined by a group of 27 banks.

Mercuria said the facilities were arranged by Australia and New Zealand Banking Group, Bank of Tokyo-Mitsubishi UFJ, DBS Bank, Emirates NBD Capital, First Gulf Bank PJSC, Industrial and Commercial Bank of China, ING Bank, Mizuho Bank, Societe Generale, Sumitomo Mitsui Banking and United Overseas Bank acting as bookrunning mandated lead arrangers.

The facilities include a 364-day $515 million (with an Offshore Chinese Renminbi option) facility, a 364-day $200 million swingline facility, as well as a 3-year $385 million facility. All three facilities are revolving in nature and were issued for Mercuria Energy Trading and Mercuria Asia Group Holdings.

Mercuria will use the facilities to refinance the group’s maturing $1 billion syndicated revolving credit facility dated November 18, 2014, as well as general corporate and working capital purposes.