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May 3, 2021 2:06 PM UTC
Freepoint Commodities Renews Its Revolving Credit Facility at USD 2.63 Billion; Allows Growth to USD 3.23 Billion
Freepoint Commodities Renews Its Revolving Credit Facility at USD 2.63 Billion; Allows Growth to USD 3.23 Billion
PR Newswire
STAMFORD, Conn., May 3, 2021
STAMFORD, Conn., May 3, 2021 /PRNewswire/ Freepoint Commodities LLC ( Freepoint ) today announced that it has closed a USD 2.63 billion revolving bank facility (the Facility ). The Facility consists of a USD 1,709,500,000 three-year committed tranche and a USD 920,500,000 one-year uncommitted tranche. Additionally, the Facility has a USD 600 million accordion feature.
BNP Paribas Securities Corp ( BNPPSC ), MUFG Bank, Ltd. ( MUFG ) and Natixis, New York Branch ( NATIXIS ) are Joint Lead Arrangers and Bookrunners for the Facility. Freepoint is pleased to welcome as new Joint Lead Arranger, Wells Fargo Bank, N.A., who will join Coöperat
Freepoint Commodities Renews Its Revolving Credit Facility at USD 2.63 Billion; Allows Growth to USD 3.23 Billion
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