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Company Inaugurates Significant Transaction in Japanese Currency
GENEVA, Aug. 29 2014 /PRNewswire-USNewswire/ -- Mercuria, the global energy and commodities group, has secured the closing of a JPY 15 billion three year senior unsecured syndicated term loan on 28 August, 2014. The company also announced it received an investment grade rating from an independent rating agency. This is the first significant transaction in Japanese Yen for Mercuria.
A number of Japanese financial institutions participated in the facility, including The Bank of Tokyo Mitsubishi UFJ, Ltd. and Sumitomo Mitsui Trust Bank, Ltd., with additional investors seeking the opportunity to join at a later date. The transaction was led and arranged by The Bank of Tokyo-Mitsubishi UFJ, Ltd.
"We targeted the domestic Yen market with the goals of increasing investor and lender diversification while improving the average tenor of funding, and tapping a deep pool of liquidity at attractive pricing," said Guillaume Vermersch, Chief Financial Officer of Mercuria. "We are pleased with the strong interest from Japan in Mercuria. This is an important step in further diversifying our lender base."
Mercuria (The Group) is one of the world's largest independent energy and commodity groups. With a 2013 turnover of USD 112 billion, the Group, primarily focused on energy, is present all along the commodity value chain with activities forming a balanced combination of commodity flows, strategic assets, structured finance and equity participations. 1000+ Mercuria personnel operate from 38 offices worldwide to sustain the Group's extensive business reach with their market knowledge, diversity and experience.
Mercuria's expertise covers all segments of the energy market, including associated environmental products, and extends to iron ore, dry-bulk freight, base metals and petrochemicals.
The Group also invests in upstream oil, gas and coal mining assets around the world. These investments underpin the company's growing presence as a major player in the global market.
The Group maintains sound infrastructure capabilities, including oil petroleum products storage terminals and production assets. Its logistics, storage and blending facilities enable Mercuria to deliver a wide range of products on time and anywhere in the world.
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