> ## Content Index > Fetch the complete content index at: https://blog.financely.io/llms.txt > Use this file to discover other available public pages before exploring further. # Commodity Trader Revolving Credit Facilities: What Banks Fund and How to Secure Yours - URL: https://blog.financely.io/commodity-trader-revolving-credit-facilities-what-banks-fund-and-how-to-secure-yours/ - Published: 2026-10-31T07:25:05.000Z - Updated: 2026-10-31T07:25:05.000Z - Description: The 10 largest syndicated revolving credit facilities signed by commodity traders since May 2025, with sizes, lenders and what it takes to secure your own. - Author: Financely Debt Advisors - Tags: Commodity Trade Finance ## Top 10 Syndicated Revolving Credit Facilities Signed by Commodity Traders (2025 to 2026) The largest syndicated revolving credit facility deals signed by commodity traders since May 2025 total over USD 28bn across ten announcements, led by Trafigura, Mercuria and Gunvor. Most of these deals were oversubscribed or upsized during syndication, a sign that bank appetite for trader risk stayed strong through price volatility. The ranking uses headline facility size from each borrower's announcement or a named deal report. ![Aerial view of an oil tanker at sea](https://images.unsplash.com/photo-1518527989017-5baca7a58d3c?auto=format&fit=crop&w=1400&q=80) On this page 1. [The top 10 deals](#rc-table) 2. [What the deals have in common](#rc-trends) 3. [What this means for mid-size traders](#rc-you) 4. [Frequently asked questions](#rc-faq) ### The top 10 deals By size Newest first All Energy and metals Agriculture 1. 1 **Trafigura** *European multi-currency RCF* Mar 2026 · Europe USD 5.8bn 365-day, 3-year and a first 5-year tranche. Launched at USD 4.5bn, closed with nine MLABs and 44 further lenders, UniCredit as global coordinator. Signed alongside a separate USD 3.0bn contingent liquidity facility. [Trafigura announcement](https://www.trafigura.com/news-and-insights/press-releases/2026/trafigura-closes-usd5-8-billion-revolving-credit-facilities-and-signs-usd3-0-billion-contingent-liquidity-facility/?ref=blog.financely.io) 2. 2 **Trafigura** *Asian RCFs and term loans* Oct 2026 · Asia USD 4.4bn USD 1.1bn 365-day RCF, CNH and USD term loans and a USD 0.2bn 5-year RCF. Upsized from USD 3.5bn with 40 institutions, OCBC as global coordinator. [Deal report](https://cyprusshippingnews.com/2026/10/06/trafigura-secures-usd4-4-billion-syndicated-revolving-credit-facility-and-term-loan-facilities/?ref=blog.financely.io) 3. 3 **Mercuria** *Multi-currency RCFs* Jun 2026 · Europe USD 3.84bn Two new 1-year facilities (one with swingline and OBSI capacity) plus an extended 3-year RCF. Increased by USD 340m in syndication, with 12 bookrunning MLAs and 33 other lenders. [Mercuria announcement](https://www.sfnet.com/home/chapters/canada/news-detail/2026/06/30/mercuria-energy-trading-sa-successfully-closes-usd-3.84-billion-multi-currency-revolving-credit-facilities?ref=blog.financely.io) 4. 4 **Trafigura** *Asian RCF and term loans* Oct 2025 · Asia USD 3.4bn USD 1.1bn 365-day RCF, a 1-year CNH term loan and a 3-year USD term loan. Upsized from USD 2.5bn with 43 institutions, Standard Chartered as global coordinator. [Trafigura announcement](https://www.trafigura.com/news-and-insights/press-releases/2025/trafigura-secures-usd3-4-billion-equivalent-syndicated-revolving-credit-facility-and-term-loan-facilities/?ref=blog.financely.io) 5. 5 **Gunvor USA** *Borrowing base facility* Nov 2025 · Americas USD 2.81bn USD 2.11bn 1-year and USD 700m 2-year tranches with a USD 500m accordion, refinancing a 2024 borrowing base. 24 banks, Rabobank as agent. [Deal report](https://chemxplore.com/news/gunvor-usa-successfully-refinances-credit-facility-to-2-8-billion-marking-strong-growth-momentum-with-expanded-lender-group?ref=blog.financely.io) 6. 6 **Gunvor Group** *European bank facilities* Nov 2025 · Europe USD 2.4bn Largely refinances lines with European bank branches. Signed the day after the US Treasury criticised the company, a sign of lender support. Tranche terms were not disclosed. [Bloomberg via Energy Connects](https://www.energyconnects.com/news/gas-lng/2025/november/hours-after-us-rebuke-gunvor-secures-24-billion-from-banks?ref=blog.financely.io) 7. 7 **Castleton Commodities** *Borrowing base and unsecured RCF* Nov 2025 · Americas USD 2.1bn USD 1.9bn secured borrowing base (1-year and 2-year tranches, up to USD 1bn accordion) plus a USD 210m unsecured RCF. 17 banks committed over USD 2.5bn, MUFG as coordinator. [CCI announcement](https://www.prnewswire.com/news-releases/castleton-commodities-international-llc-completes-renewal-of-credit-facilities-totaling-over-2-1-billion-302618204.html?ref=blog.financely.io) 8. 8 **Wilmar International** *5-year RCF and term loan* Jun 2026 · Asia USD 1.8bn USD 1.44bn RCF and USD 360m term loan, upsized from USD 1.5bn. 48 lenders, HSBC as sole coordinator. [SGX filing](https://links.sgx.com/1.0.0/corporate-announcements/FXG5KG4TXV5FWYZW/7cd9e54b99c4e69a0e4e3bc4a1ebcd207997bda792caddc43d4b509b0c3f9e20?ref=blog.financely.io) 9. 9 **Gunvor Singapore** *Sustainability-linked RCF* Jun 2026 · Asia USD 1.366bn Launched at USD 800m and closed with 32 banks, more than 70% oversubscribed. [Gunvor announcement](https://gunvorgroup.com/news/gunvor-secures-us1-366-billion-syndicated-revolving-credit-facility-with-oversubscription/?ref=blog.financely.io) 10. 10 **Louis Dreyfus Company** *Sustainability-linked RCF* Nov 2025 · Europe USD 790m Signed by LDC Suisse with a 47-institution syndicate, ING as arranger, documentation and facility agent. [Jones Day deal note](https://www.jonesday.com/de/practices/experience/2025/11/ing-bankled-syndicate-provides-790-million-sustainability-linked-revolving-credit-facility-to-louis-dreyfus-company-suis?ref=blog.financely.io) Select a deal to see tranches, lenders and the announcement. ### What the deals have in common **Short tenors, annual refinancing.** The core structure is a 365-day tranche paired with a 3-year tranche. Trafigura added 5-year tranches in both its European and Asian deals for the first time. **Asian and Middle East liquidity.** Chinese, Singaporean and Gulf banks led Trafigura's Asian deals, which included CNH term loans. **Borrowing base in the US.** Gunvor USA and Castleton fund US activity through secured [borrowing base RCFs](https://www.financely-group.com/borrowing-base-rcfs-for-commodity-traders?ref=blog.financely.io) rather than unsecured lines. **Sustainability-linked pricing.** Gunvor Singapore and Louis Dreyfus Company tie margins to ESG targets. ### What this means for mid-size traders The same banks fund smaller traders through bilateral or club facilities secured on inventory and receivables. Getting there takes audited accounts, a credible borrowing base report and hedging and risk policies a credit committee can approve. Financely prepares that package and runs the lender process through our [debt advisory for physical commodity transactions](https://www.financely-group.com/debt-advisory-for-physical-commodity-transactions?ref=blog.financely.io). See how a [USD 20m equity raise secured a USD 150m revolving credit facility](https://www.financely-group.com/case-study-20m-equity-raise-secures-150m-revolving-credit-facility?ref=blog.financely.io). Financely is an advisor and arranger, not a lender. ### Ready for your first revolving facility? Share your volumes, commodities, accounts and current lines. We will size a borrowing base and set out the lenders that fit. [Request a Quote](https://www.financely-group.com/requestaquote?ref=blog.financely.io) ### Frequently asked questions What is a syndicated revolving credit facility for a commodity trader? It is a committed credit line provided by a group of banks that the trader can draw, repay and redraw to fund cargoes, margin calls and working capital. Large traders typically split it into 365-day and 3-year tranches and refinance it every year. Why do commodity traders renew their RCFs every year? Short tenors match the short trade cycle and keep pricing low. Annual renewal also lets traders resize facilities to price levels and volumes. Can a mid-size trader get a syndicated facility? Usually not at first. Mid-size traders start with bilateral or club borrowing base facilities secured on inventory and receivables, then move to larger syndicates as audited accounts, track record and controls build up. Is Financely a lender? No. Financely is an advisor and arranger. We structure borrowing base and revolving facilities and place them with banks, trade finance funds and private credit lenders. You close directly with the lender. Deal figures are taken from the linked announcements and deal reports and reflect headline facility sizes at signing. Totals include term loan and accordion components where reported. This page is for general information only and does not constitute legal, tax or investment advice. Financely is an advisory and arranging firm, not a lender or broker-dealer. Any financing is subject to the lender's underwriting, due diligence, credit approval, documentation and conditions precedent.