PRESS RELEASE

TRAXYS S.A.R.L.
USD 1,815,000,000 MULTICURRENCY SYNDICATED REVOLVING CREDIT FACILITY

11th July 2025

Traxys Sarl (“Traxys” or the “Company”), a leading global physical trader and merchant in metals and natural resources, is pleased to announce the successful refinancing and increase of its flagship multi-currency syndicated revolving credit facility (the “Facility”). The Facility was oversubscribed by about 40%, with seven new banks joining the facility and more than 50% of the existing banks increasing their commitments during the book-building and syndication process. As a result of the significant oversubscription, banks were scaled back and the Facility now totals USD 1.815 billion, representing a 13% increase compared to last year. 

The Facility was arranged by Coöperatieve Rabobank U.A., DBS Bank Ltd., Deutsche Bank AG, Amsterdam Branch, ING Bank N.V., Natixis CIB, Société Générale and UBS Switzerland AG as Active Bookrunning Mandated Lead Arrangers (“ABMLAs”) with additional banks including, HSBC Continental Europe S.A., Germany, Bank of China Limited, London Branch and CA Indosuez (Suisse) SA participating at the top-ticket level as Passive Bookrunning Mandated Lead Arrangers (“PBMLAs”).

The Facility is structured in four tranches: (i) a 3-year committed borrowing base tranche, (ii) a 1-year committed borrowing base tranche, (iii) a 1-year uncommitted borrowing base tranche, and (iv) a 1 year committed unsecured tranche. The initial tenor of each tranche can be extended by one year up to three times. The Facility also includes an accordion feature as well as a swingline sub-limit.

“The exceptional success of this annual refinancing process demonstrates the strong support of Traxys’ banking partners. It highlights the appeal of our robust balance sheet, and the positive outlook for our firm. This Facility is the foundation of our diverse financing portfolio and is complemented by equivalent amounts of flexible transactional bilateral and other working capital finance facilities,” said Todd Hermanson, Traxys’ Group Chief Financial Officer.

Mark Kristoff, Traxys’ Group Chief Executive Officer, added: “We are very pleased that new and existing Lenders demonstrate such a high level of support for the continued growth of our Company’s diverse and global commodities businesses. This financing ensures Traxys’ ability to further expand and consolidate our leading position in the world’s critical materials markets, the strategically important base metals and battery materials sectors, and the industrial minerals and ferro and noble alloy businesses. Moreover, we believe that close collaboration with Traxys’ diverse shareholder base will enable Traxys to better serve its customers and suppliers with solutions to secure their supply and optimize their price exposure when faced with today’s volatile and unpredictable commodities markets”.

Traxys was advised by Simmons & Simmons and Redbridge Debt & Treasury Advisory, while the banks were advised by Allen Overy Shearman Sterling LLP.

The banks participating in the Facility are as follows:
 

Mandated Lead Arrangers and Bookrunners
Coöperatieve Rabobank U.A.
DBS Bank Ltd.
Deutsche Bank AG, Amsterdam Branch
Deutsche Bank AG, London Branch
Deutsche Bank Trust Company America
ING Bank N.V., Amsterdam, Lancy / Geneva Branch 
Natixis CIB
Société Générale
UBS Switzerland AG
HSBC Continental Europe S.A., Germany
Bank of China Limited, London Branch
CA Indosuez (Switzerland) SA
 

Mandated Lead Arrangers
Abu Dhabi Commercial Bank PJSC
First Abu Dhabi Bank PJSC
Wells Fargo Bank, N.A.

Lead Arrangers
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main

Arrangers
Commercial Bank of Dubai PSC
Commonwealth Bank of Australia
GarantiBank International N.V.
KfW IPEX-Bank GmbH
MUFG Bank, Ltd.
Oversea-Chinese Banking Corporation Limited
Raiffeisen Bank International AG

Co-Arrangers
Arab Banking Corporation S.A.
Absa Bank Limited
Banque Cantonale de Genève 
Banque Internationale De Commerce - BRED (Suisse) S.A.
Banque Internationale à Luxembourg SA
Brown Brothers Harriman & Co.
Credit Europe Bank N.V. 
DenizBank AG
Nedbank Limited, London Branch

About Traxys

Traxys is a physical commodity trader and merchant in the metals and natural resources sectors. Its logistics, marketing, distribution, supply chain management, and trading activities are conducted by over 450 employees in over 20 offices worldwide, and its annual turnover is in excess of USD 8 billion. Headquartered in Luxembourg, Traxys is engaged in sourcing, trading, marketing, and distributing non-ferrous metals, ferro-alloys, minerals, industrial raw materials, and energy.

The Group serves a broad base of industrial customers and offers a full range of commercial and financial services. Traxys is committed to the highest internationally recognized principles for responsible business conduct, and to ensuring that its operations are equitable, sustainable, and transparent.

Traxys premises its practices on environmental, social, and governance (ESG) standards that enable Traxys to set a leading example for the responsible sourcing and trading of metals and minerals.

To learn more about Traxys, go to: www.traxys.com.

Press Contacts:
Traxys Sarl
Alistair Mules                            
Traxys Group Treasurer
                        
Todd A. Hermanson
Traxys Group CFO