Puma Energy LLC, a unit of the world’s third-largest independent oil trader Trafigura Beheer BV, signed a $260 million credit facility.
The deal, consisting of a 364-day revolving line of credit and a three-year term loan, is the Geneva-based company’s first syndicated facility and will be used for general corporate purposes and working capital, lenders said today in an e-mailed statement.
Originally marketed at $180 million, the facility was oversubscribed, the lenders said.
BNP Paribas SA, Credit Suisse group AG, Natixis, Societe Generale SA, Standard Bank Group Ltd. and Standard Chartered Plc were among lenders providing the loan, according to the statement.
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