Six One Commodities (61C) closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility. The facility includes a $300 million accordion feature, bringing total capital available to $1 billion.
Six One Commodities closed a one-year, $745 million revolving borrowing base credit facility, which was expanded from $540 million by the company’s existing financial institutions. ING Capital, Wells Fargo, MUFG and Société Générale are joint lead arrangers for the facility.
Six One Commodities has increased the borrowing base of its credit agreement with ABN AMRO Capital USA to $175 million, and ING Capital has joined the lender group.
Six One Commodities has signed a $100 million borrowing base facility. ABN AMRO Capital served as lead arranger and administrative agent.