Mercuria Energy Trading SA successfully closes oversubscribed USD 2,344,000,000 multi-currency revolving credit facilities
Summary
GENEVA, July 11, 2024 /PRNewswire/ -- Mercuria Energy Trading S.A ("Mercuria") is pleased to announce the successful closing of its USD 2,344,000,000 Multicurrency Revolving Credit Facilities (the "Facilities") as part of its broader USD 3,200,000,000 package of European Revolving Credit Facilities.Mercuria mandated Bank of China Limited, London Branch, Cr\xe9dit Agricole Corporate and Investment Bank, Co\xf6peratieve Rabobank U.A., Emirates NBD Bank (P.J.S.C. Following successful syndication, the Facilities were oversubscribed, with Mercuria choosing to scale back lender commitments to an increased amount of USD 2,344,000,000 in aggregate. "The successful renewal and increase of our European RCF underlines the strong support of our banking partners, who value the resilience and performance of the business model developed by Mercuria over the past 20 years. Continued access to capital is key to supporting our growth plans and further progressing our positive impact within the Energy Transition space. The Group has made significant investments in projects such as renewable power, energy storage, grid optimization, critical transition minerals recycling and environmental products.