Traxys S.à r.l. ("Traxys" or the "Company"), a leading global physical trader and merchant in metals and natural resources, is pleased to announce the successful amendment, extension and increase (the "Amend & Extend") of its flagship multi-currency syndicated revolving credit facility (the "Facility"). The Facility was significantly oversubscribed and was upsized via the accordion option by USD 185 million to USD 2.0 billion. The Facility was amended and extended by way of an amendment agreement dated 19 June 2026, becoming effective on 30 June 2026.

The transaction attracted strong support from across the 30-bank syndicate. Twenty banks increased their commitments relative to their 2025 allocations, and notably, five of the seven new banks that joined the syndicate during the 2025 refinancing have already increased their commitments in this Amend & Extend — a particularly compelling endorsement of their confidence in Traxys.

The Facility is structured in four tranches: (i) a 3-year committed borrowing base tranche (Facility A), (ii) a 1-year committed borrowing base tranche (Facility B), (iii) a 1-year uncommitted borrowing base tranche (Facility C), and (iv) a 1-year committed unsecured tranche (Facility D). The tenor of each tranche has been extended by one year and three extension options have been reinstated. Facility D allocations have been increased as a percentage of the total Facility, reflecting growing lender appetite for the unsecured tranche. In addition, the Facility benefits from a remaining accordion capacity of USD 415 million together with a swingline sub-limit.

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

Todd Hermanson, Traxys’ Group Chief Financial Officer, commented:

“The exceptional success of this Amend & Extend process reflects the enduring confidence of our banking partners in Traxys’ financial strength and strategic direction. The strong oversubscription, the depth of commitment increases, and the rapid re-engagement of our newest banking partners are a testament to the quality of our balance sheet and the robustness of our financing platform. This Facility is the foundation of our diverse financing portfolio, complemented by equivalent amounts of flexible transactional bilateral and other working capital finance facilities.” 

Mark Kristoff, Traxys’ Group Chief Executive Officer, added:

“We are very pleased that our existing and newer lending partners demonstrate such a high and growing level of support for Traxys’ continued expansion. This financing ensures our ability to further consolidate our leading position in the world’s critical materials markets — including the strategically important base metals and battery materials sectors, industrial minerals, and ferro and noble alloy businesses. Close collaboration with our diverse shareholder base will continue to enable us to serve our customers and suppliers with solutions to secure supply and optimise price exposure in today’s volatile and geopolitically complex commodities markets.”

Traxys was advised by Simmons & Simmons LLP and Redbridge Debt & Treasury Advisory. 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
Societe Generale UBS Switzerland AG
HSBC Continental Europe S.A., Germany
Bank of China Limited, London Branch
CA Indosuez (Switzerland) SA

Mandated Lead Arrangers
Wells Fargo Bank, N.A.

Lead Arrangers
Abu Dhabi Commercial Bank PJSC
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
GarantiBank International N.V.

Arrangers
Commercial Bank of Dubai PSC
Commonwealth Bank of Australia
First Abu Dhabi Bank PJSC
MUFG Bank, Ltd.
Oversea-Chinese Banking Corporation Limited
Raiffeisen Bank International AG

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

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 500 employees in over 20 offices worldwide, with annual turnover in excess of USD 10 billion. Headquartered in Luxembourg, Traxys is engaged in sourcing, trading, marketing, and distributing non-ferrous metals, ferro-alloys, minerals, industrial raw materials, and energy products. In 2026, Traxys completed the acquisition of Carbomax AB, a leading Swedish supplier of ferroalloys and carbon products, further expanding its Scandinavian footprint and its role in the green steel supply chain.

The Group serves a broad base of industrial customers and offers a full range of commercial and financial services. Traxys has been selected as one of a small number of authorised commodities trading firms to participate in Project Vault, the U.S. Government-backed strategic critical minerals reserve programme. Traxys is committed to the highest internationally recognised 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 set a leading example for the responsible sourcing and trading of metals and minerals.

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

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