|
|
|
|
|
Parent Of Retail Supplier Announces Renewal Revolving Credit Facility At $2.5 Billion; Allows Growth To $3.2 Billion
The following story is brought free of charge to readers by VertexOne, the exclusive EDI provider of EnergyChoiceMatters.com
Freepoint Commodities LLC ("Freepoint") today announced that it closed a USD 2.5 billion revolving bank facility (the "Facility").
The Facility consists of a USD 1,500,000,000 three-year committed tranche and a USD 1,000,000,000 one-year uncommitted tranche.
Additionally, the Facility has a USD 700 million accordion feature.
MUFG Bank, Ltd. and Natixis, New York Branch are Joint Lead Arrangers and Joint Bookrunners for the Facility. Coöperatieve Rabobank U.A., New York Branch, Société Générale and Wells Fargo Bank, N.A., are Joint Lead Arrangers. MUFG Bank, Ltd. is the Administrative Agent. The Co-Syndication and Co-Documentation Agents are Coöperatieve Rabobank U.A., New York Branch, Société Générale, Wells Fargo Bank, N.A, ING Bank N.V. and UBS Switzerland AG. The other continuing participating banks are Industrial and Commercial Bank of China Ltd., New York Branch; Bank of China, New York Branch; Credit Agricole Corporate and Investment Bank; Deutsche Bank AG, New York Branch; Oversea-Chinese Banking Corporation Limited, New York Agency; Commonwealth Bank of Australia; HSBC Bank USA, N.A.; HSBC UK Bank plc; Mizuho Bank, Ltd.; Sumitomo Mitsui Banking Corporation; and Garantibank International N.V.
"In addition, Freepoint is pleased to announce that Citibank, N.A., London Branch has joined the bank group as a new participant in the Facility," Freepoint said
Simultaneously, Freepoint extended the maturity of its USD 125 million subordinated secured credit facility. The participating banks in this facility are MUFG Bank, Ltd., Natixis, New York Branch, Cooperatieve Rabobank U.A., New York Branch, Societe Generale and UBS Switzerland AG.
ADVERTISEMENT ADVERTISEMENT Copyright 2024 EnergyChoiceMatters.com. Unauthorized copying, retransmission, or republication
prohibited. You are not permitted to copy any work or text of EnergyChoiceMatters.com without the separate and express written consent of EnergyChoiceMatters.com
June 6, 2024
Email This Story
Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Energy Regulatory Specialist
• Sr. Market Risk Analyst -- Retail Supplier
|
|
|
|