Trafigura has renewed its energy-focused North America borrowing base credit facility, closing at just over US$4.2bn after oversubscription from bank participants. Trafigura Trading LLC, a Houston-headquartered subsidiary of the commodity trading giant, announced it had closed the two-year facility this week, initially launching at US$3.75bn in April. It renews a 2023 facility that closed at ...| Global Trade Review (GTR)
Italy’s export credit agency Sace has agreed to cover a €100mn facility for the Eastern and Southern African Trade and Development Bank in a bid to drive Italian trade flows and business in the region.| Global Trade Review (GTR)
The winning deals are chosen from submissions sent to GTR, and feature a mix of trade, commodities, supply chain and export finance as well as fintech innovation transactions. Congratulations to those behind these 10 deals, which were chosen as the top transactions from 2023.| Global Trade Review (GTR)
The GTR Leaders in Trade awards highlight excellence in the trade, commodity, supply chain, export finance and fintech markets. The winners in each category are based on submissions sent to GTR. Where relevant, Best Deals signed in 2024 were referenced as further substantiation for GTR’s decisions. GTR revealed the shortlist for the Leaders in Trade ...| Global Trade Review (GTR)
Mercuria has grown its European revolving credit facilities (RCFs) to US$3.5bn, which the commodity trading giant says will aid its growth plans and expansion in the LNG and metals markets. The facilities comprise one-year and three-year multicurrency RCFs as well as a one-year off-balance sheet instruments facility, with extension options. They were launched at US$2.75bn ...| Global Trade Review (GTR)
Saudi Arabia’s Neom development has secured a US$3bn untied facility from Italy’s export credit agency Sace and a syndicate of nine international banks. The Neom mega-project promises to transform a desert region in the northwest of Saudi Arabia into a special economic zone and futuristic cluster of cities powered entirely by renewable energy. Neom’s development ...| Global Trade Review (GTR)