Swiss trader, charter and shipowner Trafigura Group has sealed new loans worth $1.6bn to refinance maturing debt.
The company said a syndicated revolving credit facility and term loan tranches were oversubscribed and increased from the original target of $1bn.
Christophe Salmon, group chief financial officer of Trafigura, said the deals demonstrated once again the company's strong access to committed sources of funding from the banking markets across Asia Pacific and the Middle East.
