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Mercuria Picks Banks For $480M Loan
Mercuria Energy Trading has appointed eight lenders to arrange a $480 million loan.
Mercuria Energy Trading has appointed eight lenders to arrange a $480 million loan, Bloomberg reports. The hired banks include BNP Paribas, DBS Group Holdings, HSBC Holdings, Industrial & Commercial Bank of China and ING Groep.
The credit line is divided into a $320 million one-year tranche and $160 million three-year portion. The loan will be marketed in general syndication starting September 14.
Click here for the story from Bloomberg.