Trafigura secures $200mn credit facility
Commodity trader Trafigura has today announced the closing of a $200 million syndicated revolving credit facility, which will serve as a refinancing of an existing one year $175 million facility implemented in 2007.
The facility has a tenor of 364 days, with two 1 year extension options, and was arranged by Standard Chartered, United Overseas Bank and Westpac in Singapore.
According to a Trafigura statement, the facility was deemed necessary to provide increased liquidity to the group due to the global financial turmoil and a reduced level of liquidity in financial markets.
"At a time of extraordinary financial
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