Mercuria Energy Closes Multicurrency Revolving Credit Facilities at USD 2.5 Billion

GENEVA, June 22, 2015 /PRNewswire/ -- Mercuria Energy Trading S.A. ("Mercuria" or the "Group"), one of the world's largest independent energy and commodities groups, has signed USD 2.5 billion multicurrency revolving credit facilities (the "Facilities"). Following strong demand from banks, the Facilities were significantly oversubscribed by 35 percent and subsequently increased in aggregate, with a scale back in participations.

The Facilities were initially launched at USD 2.1 billion on 30^th April, the bank meeting was held in London on 7^th May.  

"We are very pleased with the strong outcome. More than 50 banks committed to the Facilities including a number of new geographically diverse banks, and a large group of top level Bookrunning Mandated Lead Arranger (BMLA) and Mandated Lead Arranger (MLA) banks," said Guillaume Vermersch, Group Chief Financial Officer of Mercuria.  "These Facilities reflect Mercuria's sustained business growth boosted by the recent acquisition of the J.P. Morgan physical commodities trading books, and the funding will be utilized to support the Group's ongoing expansion. The strength of the syndicate demonstrates the continued confidence of our financial partners in Mercuria's business model. We look forward to continuing to work closely with our banking group."

ABN AMRO Bank N.V., Crédit Agricole Corporate and Investment Bank, Industrial and Commercial Bank of China Limited, London Branch, ING Bank N.V., Natixis, Rabobank, The Royal Bank of Scotland plc, Société Générale Corporate & Investment Banking and Sumitomo Mitsui Banking Corporation are acting as Mandated Lead Arrangers and Bookrunners. The facilities closed on 22 June, 2015. The facilities include a new USD 1.9 billion 364-day tranche and a USD 600 million 3-year revolving credit facility for Mercuria.

The Facilities will be used for general corporate purposes and working capital including the refinancing of the Group's maturing USD 2.055 billion 364-day and USD 595 million 3-year European revolving credit facilities dated 20^th June 2014.

For more information, visit www.Mercuria.com

SOURCE Mercuria Energy Trading S.A.

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