STAMFORD, Conn.--(BUSINESS WIRE)--Castleton Commodities International LLC (“CCI” or the “Company”) announced the closing of an $850 million 3-year tranche of its senior secured working capital facility. This transaction was structured as an amendment to the current dual tranche facility dated October 27, 2010. The Facility is comprised of the new $850 million 3-year tranche as well as the original $750 million 5-year tranche for a total commitment of $1.6 billion and will be used to fund general working capital needs and other corporate purposes. The facility renewal will extend the expiring October 2013 maturity to June 2016.
The Facility was jointly arranged by BNP Paribas, Credit Agricole Corporate and Investment Bank, Societe Generale, Standard Chartered Bank and The Bank of Tokyo-Mitsubishi UFJ, Ltd. BNP Paribas is the Administrative Agent.
About Castleton Commodities International LLC
CCI (formerly Louis Dreyfus Highbridge Energy) is a global commodities merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations, and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power, and coal as well as financial instruments related to commodities. CCI is headquartered in Stamford, Connecticut, with offices in Houston, Texas; Denver, Colorado; Calgary, Canada; Lausanne, Switzerland; Shanghai, China; Singapore; and Uruguay.
