Trafigura AG completed a $250 million receivables purchase facility that was syndicated by Finacity Corporation.
Finacity said today in a press rlease that the revolving receivables purchase facility will support Trafigura's ongoing sale by of certain trade receivables. Through Finacity’s efforts, the funding group was expanded to a total of six financial institution participants.
Trafigura AG is a wholly owned subsidiary of Trafigura Beheer BV. The international commodity trading business , specializes in the oil, minerals and metals markets, with 81 offices in 54 countries in Europe, Africa, Asia, Australia, and North, Central and South America. In the U.S., Trafigura has offices in Houston, Texas and Stamford, Connecticut.
The company has achieved substantial growth in recent years, growing turnover to US$122 billion in 2011from US$18 billion in 2004.