Gerald Group, an independent and employee-owned metals trading house, refinanced GT Commodities’ borrowing base facility at $450 million. GT Commodities is Gerald Group’s North American trading hub.
European Coca-Cola bottler Coca Cola HBC and Coca-Cola HBC Finance increased their €500 million ($556 million) syndicated multi-currency revolving credit facility to €800 million ($860 million).
Multi-metals business Nyrstar refinanced its existing €500 million ($592.38 million) multi-currency structured commodity trade finance facility due to expire in June 2019 with a one year runoff period starting in June 2018.
Oriflame Cosmetics has signed a new Revolving Credit Facility amounting to €110 million ($131 million) in total with its existing core relationship banks HSBC Bank, ING Bank, Nordea, Raiffeisen Bank International and SEB.
Gunvor closed a $725 million borrowing base facility, which will provide working capital for refining activities in the Amsterdam-Rotterdam-Antwerp region. ING was coordinator and the facility and security agent.