Mercuria Energy Trading closed its $3.5 billion multicurrency revolving credit facilities. Mercuria mandated Crédit Agricole Corporate and Investment Bank, Coöperatieve Rabobank, ING Bank, Natixis, Société Générale, UBS Switzerland, UniCredit Bank, Bank of China (London branch), Emirates NBD Bank (London branch), First Abu Dhabi Bank, Industrial Commercial Bank of China (London branch), Mizuho Bank and Sumitomo Mitsui Banking Corporation as bookrunning mandated lead arrangers.
The facilities were launched at $2.75 billion on April 7, 2025, and a virtual bank meeting was held on April 15, 2025. Following successful syndication, the facilities were oversubscribed, with Mercuria choosing to scale back lender commitments to an increased amount of $3.5 billion in aggregate. In addition to the bookrunning mandated lead arrangers, 31 financial institutions joined the facilities during syndication.
The facilities comprise a one-year multicurrency revolving credit facility, a one-year multicurrency revolving credit/swingline/OBSI facility and a three-year multicurrency revolving credit facility. The three multicurrency revolving credit facilities include two 1-year extension options.
“The successful refinancing and increase of our European RCF highlights the strong support of our banking partners, who recognize the resilience and performance of the business model Mercuria has built over the past 21 years,” Guillaume Vermersch, group chief financial officer of Mercuria, said. “Continued access to capital remains essential to advancing our growth plans, including the recent expansion of our activities in LNG and metals markets. This year, we are pleased to welcome three new lenders to the facility, alongside increased commitments from our existing partners, and we look forward to partnering with them on our strategic growth initiatives.”
