Mercuria Energy Seeks $1.25B Loan

Mercuria Energy Tradingis seeking to secure a credit facility worth $1.25 billion,Bloombergreports. The new credit line will replace a $1.25 billion loan that the Geneva-based oil trader had arranged in 2010.

Mercuria will pay 235 basis points more than the London interbank offered rate to draw three-year funds under the terms of the facility. The loan will be provided by a group of lenders, including荷兰银行,BNP Paribas,Credit Agricole,ING Groep,Natixis, Rabobank International,Societe Generale,Standard Chartered BankandRoyal Bank of Scotland.

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