Mercuria Picks Banks For $480M Loan

Mercuria Energy Tradinghas appointed eight lenders to arrange a $480 million loan,Bloombergreports. The hired banks includeBNP Paribas,DBS Group Holdings,HSBC Holdings,Industrial & Commercial Bank of ChinaandING Groep.

The credit line is divided into a $320 million one-year tranche and $160 million three-year portion. The loan will be marketed in general syndication starting September 14.

Click here for the story fromBloomberg.