China CITIC Bank contributes to Tranche C of USD 2.4 billion-equivalent multi-tranche syndicated lending facility to Trafigura Group Pte., Ltd. for debt refinancing and general corporate purposes in 2022 (linked to Record ID#101908, #101910, #101911, #101912, #101913, #101914, #101915, #101916, #101917, #101918, #101919, #101920, #101921, #101923, #101924, #101925)

Project narrative

On October 25, 2022, a syndicate of lenders – including China CITIC Bank, Agricultural Bank of China, Bank of Communications, China Construction Bank, China Eximbank, Bank of China, China Merchants Bank, China Everbright Bank, Shanghai Pudong Development Bank, and Shanghai Rural Commercial bank – announced the closure of a USD 2.4 billion-equivalent multi-tranche syndicated lending facility to Trafigura Group Pte., Ltd. Proceeds from the facility, which is Trafigura’s annual Asian financing facility, will be used to refinance the company’s existing debts from 2019 and 2021, alongside general corporate purposes. The facility consists of three tranches, all with unknown interest rates: 1) Facility A: a one-year, USD 685 million revolving credit facility. This facility was joined by 22 banks, all making unknown contributions. DBS Bank, Standard Chartered Bank, and SMBC joined as mandated led arrangers and bookrunners. China CITIC Bank, Development Bank of Japan, and First Abu Dhabi Bank served as mandated lead arrangers. Emirates NBD, Mizuho Bank, OCBC, and Westpac joined as lead arrangers. Abu Dhabi Commercial Bank, Axis Bank, Bank of China, China Everbright Bank, ICBC, KBC, Maybank, National Australia Bank, Qatar National Bank, Sumitomo Mitsui Trust Bank, and United Overseas Bank served as arrangers. One unknown bank joined the facility during the later stages of syndication. China CITIC Bank’s contribution to Facility A is captured via Record ID#101908. Bank of China’s contribution to Facility A is captured via Record ID#101910. China Everbright Bank’s contribution to Facility A is captured via Record ID#101911. ICBC’s contribution to Facility A is captured via Record ID#101912. 2) Facility B: a one-year, USD 1.217-billion-equivalent, RMB-denominated term loan was joined by 10 banks, all making unknown contributions. Agricultural Bank of China, Bank of Communications, China Construction Bank, and China Eximbank served as mandated lead arrangers and bookrunners. Bank of China and China Merchants Bank joined as mandated lead arrangers. China Everbright Bank served as lead arranger. Shanghai Pudong Development Bank and Shanghai Rural Commercial Bank joined as arrangers. One unknown bank joined the facility during the later stages of syndication. Agricultural Bank of China’s contribution to Facility B is captured via Record ID#101913. Bank of Communications’ contribution to Facility B is captured via Record ID#101914. China Construction Bank’s contribution to Facility B is captured via Record ID#101915. China Eximbank’s contribution to Facility B is captured via Record ID#101916. Bank of China’s contribution to Facility B is captured via Record ID#101917. China Merchants Bank’s contribution to Facility B is captured via Record ID#101918. China Everbright Bank’s contribution to Facility B is captured via Record ID#101919. Shanghai Pudong Development Bank’s contribution to Facility B is captured via Record ID#101920. Shanghai Rural Commercial Bank’s contribution to Facility B is captured via Record ID#101921. 3) Facility C: a three-year, USD 469 million term loan facility. This facility was joined by 22 banks, all making unknown contributions. DBS Bank, Standard Chartered Bank, and SMBC joined as mandated led arrangers and bookrunners. China CITIC Bank, Development Bank of Japan, and First Abu Dhabi Bank served as mandated lead arrangers. Emirates NBD, Mizuho Bank, OCBC, and Westpac joined as lead arrangers. Abu Dhabi Commercial Bank, Axis Bank, Bank of China, China Everbright Bank, ICBC, KBC, Maybank, National Australia Bank, Qatar National Bank, Sumitomo Mitsui Trust Bank, and United Overseas Bank served as arrangers. One unknown bank joined the facility during the later stages of syndication. China CITIC Bank’s contribution to Facility C is captured via Record ID#101922. Bank of China’s contribution to Facility C is captured via Record ID#101923. China Everbright Bank’s contribution to Facility C is captured via Record ID#101924. ICBC’s contribution to Facility C is captured via Record ID#101925.