AWARDS: Syndicated loan (1)

AWARDS: Syndicated loan (1)

Corporate & Sovereign Strategy

When commodities trader Trafigura Beheer turned to the loan market for term funding to build an extensive river transport system in Colombia, it hit a fundamental hurdle. Despite being a well-regarded and frequent borrower in Europe, many of Trafigura’s relationship banks had already hit their internal limits on what they could lend to the company.So, with joint bookrunners Crédit Agricole and Sumitomo Mitsui Banking Corporation (SMBC), Trafigura spent nine months working on one of the most complex loan transactions of 2015. The resulting $350 million hybrid structure stood out against others for bringing together project finance and corporate loan elements in an oversubscribed deal. The bor

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