Mercuria Successfully Closes Oversubscribed Secured Revolving Credit Facility Of Us$ 2,200,000,000 In Financing For Its North American Business
Mercuria Successfully Closes Oversubscribed Secured Revolving Credit Facility Of Us$ 2,200,000,000 In Financing For Its North American Business
12/07/21, 2:09 PM
Location
houstonIndustry
consumer goods
financial services
software
Mercuria's North American operating entities ("Mercuria" or "the Company") are pleased to announce the successful closing of its US$ 2,200,000,000 multi-year senior secured borrowing base credit facility (the "Facility"). The Facility was over-subscribed, enabling Mercuria to increase the size by US$ 500,000,000 and add a 2-year tranche. The joint and several borrowers are Mercuria Energy America LLC, Minerva Bunkering (USA) LLC, and Mercuria Commodities Canada Corporation (the "Borrowers").
Company Info
Location
houston, texas, united states
Additional Info
The company has built upon a series of strategic acquisitions, including the physical commodities trading unit of JPMorgan Chase & Company, Noble Group's U.S. gas and power business, and the Aegean Marine Petroleum Network, reorganized as Minerva Bunkering. The Facility was over-subscribed, enabling Mercuria to increase the size by US$ 500,000,000 and add a 2-year tranche. Established in 2004, Mercuria is one of the largest independent energy and commodity groups in the world, bringing efficiency to the commodity value chain with technology, expertise, and solutions.