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News
06 December 2017
in
Power

Aegean Marine Petroleum closes borrowing base refinancing

Aegean Marine Petroleum Network (AMPN) has closed a $750 million secured borrowing base revolver. The three-year facility, which comes with a $250 million accordion...

News
05 December 2017

Nordea joins we.trade trade finance platform as founding partner

Nordea has joined the we.trade consortium as founding partner. The consortium is developing a platform based on distributed ledger technology that aims to...

News
30 November 2017
in
Oil & gas

Tullow Oil secures $2.5bn debt refinancing

London-headquartered Tullow Oil has completed the refinancing of $2.5 billion of reserve based lending credit facilities. The facilities are split between a commercial...

Perspective
24 November 2017
in
Metals and Mining, Oil & gas

Trafigura takes first dip in inventory ABS funding pool

With bank regulatory capital constraints tightening, serial ABS issuer Trafigura has closed its first inventory-backed securitisation in a bid to boost its non-bank...

Perspective
20 November 2017

Russian PXFs: Has the post-2014 bubble burst for good?

Margins and the security afforded by pre-export loans to Russian borrowers have weakened in 2017 as unsecured loans gain market share. But is it simply a market...

News
17 November 2017
in
Metals and Mining

Trafigura closes borrowing base extension

Trafigura has secured an extension to its $1.955 million refined metals borrowing base with the one-year facility now maturing in November 2018. TXF understands that...

News
17 November 2017
in
Metals and Mining, Oil & gas

Gunvor closes on $1.39bn refi

Gunvor has raised a $1.39 billion RCF refinancing. The deal comprises two pieces: a $1.14 billion tranche with a tenor of 364 days with two 364 day extension options; and...

News
16 November 2017
in
Infrastructure, Transport

M25 refinancing steps up a gear

Bids for the UK’s M25 London ring-road refinancing were due at the end of last week. The original PPP financing was designed with significant margin...

News
09 November 2017

Acwa reaches financial close on Shuaibah IWP

Acwa Power has reached full financial close on its $325 million Shuaibah reverse osmosis IWP expansion financing following signing in September. The new plant...

News
09 November 2017
in
Power

Gunvor refi close imminent

Gunvor is set to close the refinancing of its $1.67 billion revolver (RCF) in the coming days with signing expected next Monday.  The 2016 deal comprised a...

News
09 November 2017
in
Agri/Soft Commodities

Bunge Finance Europe launch RCF refi

Bunge Finance Europe, a subsidiary of US commodity trader Bunge, has launched a $1.75 billion revolving credit facility (RCF). The deal is expected to close in...

News
01 November 2017
in
Agri/Soft Commodities

More details on Sucafina syndicated debut

More details have emerged on Sucafina’s $300 million syndicated loan debut which signed on 20 October. The deal streamlines a series of existing commodity trade...

News
27 October 2017

Glennmont completes €190m portfolio refinancing with first Italian bond in wind sector

Glennmont Partners has completed a refinancing of its 245MW SER portfolio of operational wind farms across Sicily and Puglia via the first Italian bond issue in the...

News
24 October 2017
in
Oil & gas

West Nile Delta gas project mandates banks

DEA Group has mandated banks for around $1 billion of UKEF-supported debt to finance its share in the West Nile Delta gas project – a joint venture between...

News
24 October 2017
in
Metals and Mining

Trafigura launches borrowing base refi

Trafigura has launched a refinancing of its $1.95 billion refined metals borrowing base facility. The trader is seeking to extend the one-year facility’s maturity...

News
20 October 2017
in
Agri/Soft Commodities

Louis Dreyfus launches RCF refi

Louis Dreyfus has launched an amend and extend refinancing of its $1 billion revolving credit facility (RCF). The facility, comprising two $500 million tranches...

News
18 October 2017
in
Agri/Soft Commodities

Kernel cuts margin and lengthens tenor on latest pre-export deal

Ukrainian agribusiness Kernel has closed a $200 million three-year pre-export financing (PXF) for its oilseed business - a significant reduction on the $300 million...

News
18 October 2017

IBM and bank partners rebrand DLT platform as we.trade

IBM and eight banks including Banco Santander, Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale and UniCredit, have unveiled a new name - we.trade - for...

News
17 October 2017

Marc Mourre is Natixis' new head of Global Markets Commodities

Natixis has named Marc Mourre as its Head of Global Markets Commodities. He has been working for Natixis as a senior adviser since March of this year. Based in London, he...

News
12 October 2017
in
Agri/Soft Commodities

Olam out for RCF refi

Singapore-based commodity trader Olam is back in the market to refinance a $2 billion revolving credit facility. Olam's 2016 deal comprised a one-year...