Castleton Commodities International LLC ("CCI" or "the Company") announced the closing of two credit facilities totaling $3.525 billion.

The facilities include a committed borrowing base facility and a committed revolving credit facility. The borrowing base facility is comprised of a $1.15 billion 3-year tranche and a $2.0 billion 364-day tranche. The revolving credit facility is comprised of a single $375 million 364-day tranche.

The company said that both facilities were significantly oversubscribed, with CCI receiving nearly $5.0 billion of commitments in total. A group of 25 banks from 12 countries participated in the facilities.

The proceeds will refinance CCI's existing $3.25 billion borrowing base facility and $350 million revolving credit facility signed in June 2017, fund general corporate purposes and provide letters of credit for the Company's merchanting activities in multiple countries. The borrowing base facility features a $1.0 billion accordion which remains available to support future growth.

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Finance   Castleton Commodities International  

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