Trafigura signs $800 million loan agreement guaranteed by the Federal Republic of Germany

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Geneva, October 21, 2022 – Trafigura, a leader in the global commodities market, concluded an $800 million five-year loan underwritten and arranged by Societe Generale and syndicated with seven participating banks. The loan is guaranteed by the Government of the Federal Republic of Germany acting through the German Export Credit Agency (ECA) Euler Hermes Aktiengesellschaft. The guarantee is provided under the German untied loan program to support Trafigura’s commitment to deliver, under a five-year supply agreement, up to 500,000 tonnes of non-ferrous metals to Germany .

The untied loan program is a tool to guarantee the long-term delivery of strategic raw materials in Germany. In return for an offer to hedge the financing, Trafigura entered into a new long-term agreement to supply strategic raw materials. The agreement included a review of Trafigura’s environmental, social and governance (ESG) policies and performance.

“Support from the Untied Loan program has enabled Trafigura to make a long-term commitment to supplying strategic raw materials to German industry”, said Kostas Bintas, co-head of metals and minerals at Trafigura.

Non-ferrous metals are used by European renewable energy, electronics and chemical industries, as well as suppliers to the construction and automotive industries.

ENDS

For more information, please contact:
Trafigura Press Office: +41 (0) 22 592 4528 or [email protected]

Notes to Editors

About Trafigura
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global sourcing, Trafigura connects the world to the vital resources it needs. Through our Oil & Petroleum Products, Metals & Minerals, and Power & Renewables divisions, we deploy infrastructure, skills and a global network to move raw materials from where they are abundant to where they are most needed. needed, building strong relationships that make supply chains more efficient. , safe and durable.

Trafigura also owns and operates a number of industrial assets, including global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a provider of port and logistics services, and Nala Renewables, a power and renewable energy investment and development platform. Trafigura is employee-owned and employs more than 13,000 people working in 48 countries.

Visit: www.trafigura.com

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