Parent Of Retail Supplier Renews Revolving Credit Facility, Allows Growth To $3.2 Billion -- EnergyChoiceMatters.com

Parent Of Retail Supplier Renews Revolving Credit Facility, Allows Growth To $3.2 Billion

June 10, 2022

Email This Story
Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com

Freepoint Commodities LLC ("Freepoint"), the parent of retail supplier Freepoint Energy Solutions, announced that it has closed a USD 2.63 billion revolving bank facility (the "Facility").

The Facility consists of a USD 1,578,000,000 three-year committed tranche and a USD 1,052,000,000 one-year uncommitted tranche. Additionally, the Facility has a USD 570 million accordion feature.

BNP Paribas Securities Corp, MUFG Bank, Ltd. and Natixis, New York Branch are Joint Lead Arrangers and Bookrunners for the Facility. Coöperatieve Rabobank U.A., New York Branch, Société Générale and Wells Fargo Bank, N.A., are Joint Lead Arrangers. BNP Paribas remains as the Administrative Agent. The Co-Syndication and Co-Documentation Agents are Coöperatieve Rabobank U.A.., New York Branch, ING Bank N.V., Société Générale and Wells Fargo Bank, N.A. The other continuing participating banks are Credit Suisse (Switzerland) Ltd.; UBS Switzerland AG; Industrial and Commercial Bank of China Ltd., New York Branch; Bank of China, New York Branch; Credit Agricole Corporate and Investment Bank; Deutsche Bank AG, New York Branch; Oversea-Chinese Banking Corporation Limited, New York Agency; Commonwealth Bank of Australia, HSBC Bank USA, N.A., Mizuho Bank, Ltd., and Sumitomo Mitsui Banking Corporation.

Simultaneously, Freepoint extended the maturity of its subordinated secured facility and increased the facility size to USD 125 million.

Email This Story

HOME