Castleton aquires Morgan Stanley's Global Oil Merchanting business

10 December 2015 – On 1 November 2015, Castleton Commodities International LLC, a global commodities merchant, completed its acquisition of Morgan Stanley’s Global Oil Merchanting business, one of the world’s leading physical oil and products franchises. Morgan Stanley’s Global Oil Merchanting business is a leading global platform and is active in the light ends, distillates, crude and wet freight markets.

Walder Wyss advised Castleton Commodities International LLC in connection with the USD 3.5 billion committed senior secured working capital credit facility related to the financing of the acquisition. The Walder Wyss team was led by Luc Defferrard (Partner, Banking & Finance) and Alexandre Both (Managing Associate, Banking & Finance) and included Maurus Winzap (Partner, Tax) and Tervel Stoyanov (Associate, Banking & Finance).