Trafigura Group’s Singapore division has sealed a bigger-than-expected financing deal in uncertain times for commodities and shipping.
The trader and shipowner said a series of new syndicated revolving credit facility and term loans were arranged worth $3.2bn.
“The facilities were substantially oversubscribed and upsized from their initial launch amount of $2bn-equivalent, with 38 financial institutions participating in the transaction, including five new lenders,” it added.
