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Parent Of Retail Supplier Closes $800 Million Global Borrowing Base Facility
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Six One Commodities Global LLC (61C), which is backed by Pinnacle Asset Management, L.P. (Pinnacle), announced the closing of an $800 million, two-year global borrowing base facility (the Facility), "to support the company’s integrated global merchant operations."
"The Facility was significantly oversubscribed and includes a $300 million accordion feature, increasing total capital available to $1.1 billion," 61C said
"A diverse group of 12 banks across North America, Europe, and Asia participated in the Facility, marking an important milestone in 61C’s growth and the continued scaling of its global energy merchant platform," 61C said
MUFG Bank, Ltd., Wells Fargo Bank, N.A., Natixis, New York Branch, and Société Générale served as Joint Lead Arrangers for the Facility. MUFG Bank, Ltd. served as Administrative Agent and Sole Bookrunner. HSBC Bank USA N.A. served as Senior Managing Agent.
"The significant oversubscription of this financing reflects the confidence our banking partners have in 61C’s global platform, strategic direction, and growth trajectory," said Josh Bailey, Chief Financial Officer of 61C. "The two-year tenor and single global borrowing base provide a unified liquidity foundation which allows us to continue building our business across three key regions."
As previously reported, Six One Commodities last year acquired retail supplier Tomorrow Energy
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May 8, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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