Freepoint Commodities LLC announced that it closed a $1.3 billion revolving bank facility on May 22, 2015.

The facility has a $1 billion three-year committed component, as well as a $300 million one-year uncommitted portion, which renews annually.

The deal was oversubscribed and increased Freepoint's expiring $1 billion committed facility.

The credit facility finances the physical merchant activities of Freepoint's global commodities businesses.

BNP Paribas and MUFG are Joint Lead Arrangers and Joint Bookrunners for the new facility. BNP Paribas remains as the Administrative Agent.

Co-Syndication and Co-Documentation Agents include: Cooperatieve Central Raiffeisen-Boerenleenbank B.A., "Rabobank Nederland," New York branch; ING Bank N.V.; ABN AMRO Capital USA LLC; Natixis, New York branch; and Societe Generale, New York branch. Other participating banks include: Credit Suisse (Zurich), Deutsche Bank (NY branch), RB International Finance (USA) LLC, and a new participant, Commonwealth Bank of Australia (NY branch).

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