ABC (London Branch) contributes to USD 2.4 billion multi-tranche syndicated revolving credit facility to Mercuria Energy Trading S.A. for general corporate and working capital purposes in 2018

Project narrative

On June 29, 2018, a group of 40 banks -- including Bank of China, ICBC, Agricultural Bank of China's London and Frankfurt branches, and China Construction Bank -- signed an agreement to provide a USD 2.4 billion multi-tranche syndicated revolving credit facility to Mercuria Energy Trading S.A., a subsidiary of the Cypriot-domiciled global commodities trader Mercuria. Proceeds from the facility will be used for general corporate purposes and working capital. The facilities consist of three tranches: a 1-year RCF and a 1-year RCF/swingline facility, and a 3-year RCF. All three include two 12-month extension options. This facility refinances and restates the 2017 facility (Record ID#99248). BOC's contribution is captured via Record ID #99253. ICBC's contribution is captured via Record ID #99254. ABC London and Frankfurt Branch contributuons are captured via Records ID #99255 and #109975. CCB's contribution is captured via Record ID #99256. ABN Amro, Rabobank, Crédit Agricole, Credit Suisse, ICBC, ING, Mizuho, NatWest, Natixis, Société Générale, SMBC and UniCredit served as bookrunning mandated lead arrangers. Bank of America Merrill Lynch, Bank of China, DBS Bank, DZ Bank, Emirates NBD, First Abu Dhabi Bank and UBS served as mandated lead arrangers. Agricultural Bank of China, China Construction Bank, Commonwealth Bank of Australia and MUFG served as lead arrangers. Absa Bank, Banco do Brasil, CaixaBank, Commerzbank, Erste Bank, Lloyds Bank, KfW Ipex, Nedbank, Raiffeisen Bank, Sumitomo Mitsui Trust Bank and Zürcher Kantonalbank served as co-arrangers. Banque Cantonale de Geneve, Banque Cantonale Vaudoise, Hua Nan Commercial Bank, UBAF, and First Commercial Bank joined as participants.