Trafigura Group successfully signed a European multi-currency syndicated revolving credit facilities totaling $5.1 billion. In a separate agreement Trafigura closed a ¥46 billion ($413 million) three-year term loan (Samurai Loan), almost double the size of the company’s previous Samurai Loan which raised ¥25.5 billion ($280 million) in 2014.

The ERCF comprises a $1.91 billion 364-day revolving credit facility with two 364-day extension options, and a $3.19 billion three-year revolving credit facility with two one-year extension options. The ERCF will be used to refinance the company’s existing $5.3 billion facilities dated March 30, 2015 and for general corporate purposes.

The ERCF was arranged by mandated lead arrangers and bookrunners Lloyds Bank, Société Générale Corporate & Investment Banking, UniCredit Bank, ING Bank, The Royal Bank of Scotland and Rabobank. In addition to the six mandated lead arrangers and bookrunners, three mandated lead arrangers and 36 additional financial institutions joined the ERCF during syndication, totaling 45 banks.

The Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank acted as bookrunners and mandated lead arrangers for the Samurai Loan. Twelve Japanese financial institutions supported the Samurai Loan.

“We’ve met our target of raising collectively over $5.5 billion at a tighter price, a more than adequate sum to finance company operations in current market conditions,” said Christophe Salmon, CFO for Trafigura. “We are delighted that banking institutions are showing a sustained interest in the commodity sector and in best-in-class companies such as Trafigura who are able to deliver profitable and sustained growth.”

Trafigura is an independent global commodity trading group.