JERA Global Markets Secures US$1.495 Billion Syndicated Revolving Credit Facility | JERA Global Markets
Summary
Ltd. (JERA Global Markets) is pleased to announce the close of its one-year Syndicated Revolving Credit Facility (RCF) at US$1.495 billion. This facility, which follows on the success of last years RCF, was substantially oversubscribed by more than 180% from the initial launch amount of US$900 million with JERA Global Markets choosing to scale back lender commitments. Thirty financial institutions participated in the transaction, which included 10 new lenders.The RCF will be used for general corporate purposes including the companys global LNG trading business, where JERA Global Markets operates a diverse portfolio.This facility enhances our ability to pursue strategic growth initiatives even as we continue our focus on delivering robust shareholder returns, said Justin Rowland, CEO of JERA Global Markets, The commitment from 30 banks reflects strong support from JERA Global Markets network of financial partners across this region and the Middle East.JERA Global Markets mandated Australia and New Zealand Banking Group Limited, Singapore Branch, DBS Bank Ltd, First Abu Dhabi Bank PJSC, Mizuho Bank Ltd and Oversea-Chinese Banking Corporation Limited as active Mandated Lead Arrangers and Bookrunners. Natixis, Singapore Branch acted as Facility Agent and DBS Bank Ltd was the Coordinator of the transaction.JERA Global Markets (JERAGM) is a leading utility-backed seaborne energy trader. JERAGM has retained its A+ Stable rating from R&I, attributable to a robust business model and solid financial base.