GENEVA, Aug. 29 2014
/PRNewswire-USNewswire/ -- Mercuria, the global energy and
commodities group, has secured the closing of a JPY 15 billion three year senior unsecured
syndicated term loan on 28 August,
2014. The company also announced it received an investment
grade rating from an independent rating agency. This is the first
significant transaction in Japanese Yen for Mercuria.
A number of Japanese financial institutions participated in the
facility, including The Bank of Tokyo Mitsubishi UFJ, Ltd. and
Sumitomo Mitsui Trust Bank, Ltd., with additional investors seeking
the opportunity to join at a later date. The transaction was
led and arranged by The Bank of Tokyo-Mitsubishi UFJ, Ltd.
"We targeted the domestic Yen market with the goals of
increasing investor and lender diversification while improving the
average tenor of funding, and tapping a deep pool of liquidity at
attractive pricing," said Guillaume
Vermersch, Chief Financial Officer of Mercuria. "We are
pleased with the strong interest from Japan in Mercuria. This is an important
step in further diversifying our lender base."
About Mercuria
Mercuria (The Group) is one of the
world's largest independent energy and commodity groups. With a
2013 turnover of USD 112 billion, the
Group, primarily focused on energy, is present all along the
commodity value chain with activities forming a balanced
combination of commodity flows, strategic assets, structured
finance and equity participations. 1000+ Mercuria personnel operate
from 38 offices worldwide to sustain the Group's extensive business
reach with their market knowledge, diversity and experience.
Mercuria's expertise covers all segments of the energy market,
including associated environmental products, and extends to iron
ore, dry-bulk freight, base metals and petrochemicals.
The Group also invests in upstream oil, gas and coal mining
assets around the world. These investments underpin the company's
growing presence as a major player in the global market.
The Group maintains sound infrastructure capabilities, including
oil petroleum products storage terminals and production assets. Its
logistics, storage and blending facilities enable Mercuria to
deliver a wide range of products on time and anywhere in the
world.
SOURCE Mercuria