Reuters: Financial Services and Real Estate: Mercuria raises nearly $2 bln via loan facilities

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Mercuria raises nearly $2 bln via loan facilities Jun 1st 2012, 15:35 GENEVA, June 1 | Fri Jun 1, 2012 11:35am EDT GENEVA, June 1 (Reuters) - Swiss-based commodities trader Mercuria said on Friday it has raised the equivalent of nearly $2 billion via two loan facilities, at a time when smaller rivals are struggling to drum up capital from European banks. Mercuria said it had signed a one-year multi-currency $1.7 billion revolving credit facility and a three-year 145 million euro ($179.3 million) facility. Fifty-one banks were involved in the two facilities, including 15 new lenders from the United States, the Middle East and Asia, it said. Mercuria, which has a turnover of around $80 billion, also has access to $250 million via a previously agreed three-year revolving credit facility.

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