Castleton Commodities International LLC Closes Credit Facilities Totaling $ 3.6 Billion

STAMFORD, Conn.–(BUSINESS WIRE)–Castleton Commodities International LLC (“CCI” or “the Company”)
announced today the closing of two credit facilities totaling $3.6
billion. The facilities include a committed senior secured working
capital facility and a committed unsecured revolving credit facility.
The senior secured facility is comprised of a $1.25 billion 3-year
tranche and a $2.0 billion 364-day tranche. The unsecured facility is
comprised of a single $350 million 364-day tranche.

Both facilities were significantly oversubscribed, with CCI receiving
over $4.9 billion of commitments in total. A diverse group of 27 banks
from 13 countries participated in the facilities, including two new
banks.

The proceeds will refinance CCI’s existing $3.3 billion senior secured
facility and $300 million unsecured facility signed in June 2016, fund
general corporate purposes and provide letters of credit for the
Company’s merchanting activities in multiple countries. The senior
secured facility features a $1.0 billion accordion which remains
available to support future growth.

BNP Paribas Securities Corp, Societe Generale, MUFG, ABN AMRO Capital
USA LLC, Citigroup Global Markets Inc., Coöperatieve Rabobank U.A., New
York Branch, Natixis, New York Branch and Credit Agricole Corporate and
Investment Bank acted as Joint Lead Arrangers and Joint Bookrunners for
the facilities, with BNP Paribas serving as Global Coordinator and
Administrative Agent for the senior secured facility and Citibank, N.A.
serving as Administrative Agent for the unsecured facility.

Cadwalader Wickersham & Taft LLP served as counsel to the lenders.
Stroock & Stroock & Lavan LLP served as counsel to the borrower.

About Castleton Commodities International LLC

CCI is a global commodities merchant with an integrated set of
operations consisting of physical and financial commodities trading and
the ownership, operation, 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,
coal, metals and financial instruments related to commodities. CCI is
headquartered in Stamford, Connecticut with offices in Calgary, Canada;
Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai,
China; Singapore; and Montevideo, Uruguay.

Contacts

For Castleton Commodities International LLC
Hill+Knowlton
Strategies
Brian R. Brooks
+1 (713) 752-1901
[email protected]