30 June 2019 – Castleton Commodities International LLC (CCI), a global commodities merchant, closed two credit facilities totaling USD 2.775 billion. The facilities include a committed borrowing base facility and a committed unsecured revolving credit facility. The proceeds will refinance CCI’s maturing borrowing base and revolving credit facilities, fund general corporate purposes and provide letters of credit for the Company’s merchanting activities in multiple countries. The borrowing base facility features an accordion which remains available to support future growth.

Walder Wyss advised CCI on all Swiss law related aspects of the financing. The Walder Wyss team was led by Alexandre Both (Partner, Banking & Finance) and included Luc Defferrard (Partner, Banking & Finance), Maurus Winzap (Partner, Tax), Grégoire Henriod (Associate) and Nicolas F. Krauer (Associate).