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Trafigura Seeks $700M Credit Facility
Trafigura Beheer is planning to secure a credit facility worth $700 million.
Trafigura Beheeris planning to secure a credit facility worth $700 million,Bloombergreports. The independent oil trading company has appointed a consortium of six banks to arrange the loan.
Trafigura will use the proceeds from the offering to refinance debt. The six banks areAustralia & New Zealand Banking Group,DBS Group Holdings,National Australia Bank,Oversea-ChineseBanking,Standard CharteredandSumitomo Mitsui Banking.
Click here for the story fromBloomberg.