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Perspective
27 September 2016

Eurochem taps PXF as fertilisers weather market conditions

Swiss-headquartered, Russia-focused fertiliser producer Eurochem’s recent PXF sees the potash supplier attempt to restructure its debt and manage liquidity at a time of...

Perspective
27 September 2016

Drought but no doubt: Cocobod seals PXF with 36% oversubscription

Despite a crop-damaging drought and fears about production levels, the Ghana Cocoa Board (Cocobod) has refinanced its annual PXF in a vastly oversubscribed facility. The...

News
19 September 2016

Natixis arranges Delta Air Lines' credit facilities

The New York branch of Natixis was bookrunner, lead arranger and administrative agent for Delta Air Lines' committed credit facilities worth $50 million and $150...

Perspective
02 September 2016

Glencore re-finances ‘flagship’ borrowing base as lenders retain confidence

Swiss commodity trader Glencore has sealed a refinanced borrowing base with increased pricing following a difficult 12 months for the company. However, lenders have...

News
25 August 2016

Natixis appoints new global head of infra and projects

France's Natixis has appointed Emmanuel Gillet-Lagarde as global head of infrastructure and projects. Joining Natixis in 2005, Gillet-Lagarde held senior positions...

Perspective
22 August 2016

Gunvor signs increased RCF

Gunvor has closed an oversubscribed revolving credit facility. The Swiss trader has drawn new banks into the syndicated facility and increased the size of the deal...

Perspective
15 August 2016
in
Oil & gas

Gazprom M&T seals new $400m RCF as lenders sanctions fears ease

Despite sanctions still impacting Russia, the state-owned oil giant Gazprom’s UK-based subsidiary has quelled lender concerns to seal a new commodity financing agreement....

Perspective
02 August 2016

Trade credit insurers face 'triple whammy' of risks

Trade credit insurance is reeling from the shocks affecting the global economy, recent reports from leading insurers show. World corporate risk has reached a peak, says a...

Perspective
26 July 2016

Castleton cements super-trader status with $3.3 billion loan

Castleton Commodities International has closed a $3.3 billion trade loan refinancing its huge 2015 facility, which marked its expansion into global oil trading. The...

Perspective
04 July 2016

The good, the bad, and who knows what or where next!

The past month of June has been a busy time for TXF, with two of our landmark conferences – TXF Rome and TXF London – blazing their way into the market and both proving...

Perspective
23 June 2016

ED&F Man closes $1.88bn RCF

At the end of last month, UK agricultural commodities trader ED&F Man closed a two-year $1.88 billion revolving credit facility with a syndicate of 45 international...

Perspective
14 June 2016

Mercuria closes $2.2bn RCF, but takes less than last year

Mercuria Energy Trading has closed its $2.2 billion multi-currency revolving credit facilities. In a sign of the times of banks’ appetite for strong commodity trading...

Perspective
14 June 2016

Industry superheroes rewarded at TXF Amsterdam and Rome

The industry had its say about the best institutions and players in commodity and export & agency finance for our annual Best in Class awards. The winners in each...

Perspective
31 May 2016

Kexim and KDB undercapitalised as Korean shipyards head for the rocks

Facing a liquidity drought, the state-owned lenders to Korea’s embattled shipyards are in need of recapitalisation if they are to support restructuring in the industry....

Perspective
30 May 2016

Commodity bankers find reasons to be cheerful

One week on from the best ever TXF Natural Resources and Commodities Conference in Amsterdam, and there is so much to report on activity in the commodity finance sector,...

Perspective
19 May 2016

Aperam agrees $400m 'backup' borrowing base facility

The Luxembourg-based stainless-steel producer closed a $400 million borrowing base revolving credit facility in March, a month after Moody's upgraded the company to Ba1....

Perspective
11 May 2016
in
Oil & gas

Puma Energy attracts new banks to $800 million RCF

Puma Energy, the international oil company, has closed a new revolving credit facility and extended previous facilities, showing it retains the confidence of lenders in a...

Perspective
05 May 2016

Uralkali signs $1.2bn pre-export loan

Russian potash producer Uralkali has completed a $1.2 billion pre-export financing with more than a dozen international banks, bucking the trend for Russian commodity...

Perspective
04 May 2016

BEST SOFT COMMODITY FINANCE DEAL OF THE YEAR: Cocoa Touton $80m prepayment provides new dimension

The $80 million prepayment to Cocoa Touton Processing is a landmark financing for West Africa, bringing added-value processing on a major scale to Ghana. Jonathan Bell...

Perspective
03 May 2016

BEST METALS FINANCE DEAL OF THE YEAR: Oyu Tolgoï $200m RCF paves the way for project finance

Coming at a crucial time for Oyu Tolgoï in Mongolia, the $200 million revolving credit facility provided the working capital needed and lined the venture up for the...