Castleton Commodities International announced the closing of an $850 million 3-year tranche of its senior secured working capital facility.

The transaction was structured as an amendment to the current dual tranche facility dated October 27, 2010. The facility is comprised of the new $850 million 3-year tranche as well as the original $750 million 5-year tranche for a total commitment of $1.6 billion and will be used to fund general working capital needs and other corporate purposes. The facility renewal will extend the expiring October 2013 maturity to June 2016.

Castleton said the Facility was jointly arranged by BNP Paribas, Credit Agricole Corporate and Investment Bank, Societe Generale, Standard Chartered Bank and The Bank of Tokyo-Mitsubishi UFJ, BNP Paribas is the administrative agent.

Castleton Commodities International is a global commodity merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations, and development of commodities-related upstream and infrastructure assets.