According to TXF News, Castleton Commodities closed $3.75 billion credit facilities to be used largely to finance the company’s acquisition of Morgan Stanley’s global oil merchant business.

TXF noted that the facilities included a committed senior secured working capital facility and the company’s debut committed unsecured revolving credit facility. The senior secured facility is comprised of a $1.25 billion three-year tranche and a $2.25 billion 364-day tranche. The unsecured facility is comprised of a single $250 million 364-day tranche.

TXF said BNP Paribas serving as global coordinator, sole underwriter and administrative agent for the secured facility.

Access the full TXF News report here.