Trafigura raises a record USD390 million in the US Private Placement market

Singapore, 6 May 2025

Trafigura Group Pte Ltd. ("Trafigura" or "the Group"), a global leader in the commodities industry, today announced the successful pricing of a new US Private Placement ("USPP") transaction. The placement raised a record USD390 million of financing across four tenors, including for the first time a twelve-year tranche.

Highlights:
• USD390 million raised, Trafigura's largest USPP to date.
• Strong demand allowed the placement to be increased from the initial USD100 million target.
• Nearly half of allocations were to new investors from the fund management and insurance sectors.
• Two-thirds raised in 10 and 12-year tranches, demonstrating investor confidence.
• Tightest pricing spreads on record for Trafigura in this market.

"The strong demand for this private placement, particularly for the longer-dated maturities, underscores investors' confidence in Trafigura's business model and our ability to navigate complex markets," said Laurent Christophe, Trafigura Group Treasurer. "This successful USD390 million raise, one of the largest by a energy and metals commodities company, reinforces our commitment to the USPP market which remains an important part of Trafigura's funding strategy, allowing the Group to diversify its investor base and offering stable access to long-term liquidity."

The transaction represents Trafigura's eighth in the US private placement market, where it now has over USD1 billion of notes outstanding. The proceeds will be used to refinance USD102 million of US Private Placement maturities, raising USD288 million of additional liquidity for the Company.

Investors were drawn to Trafigura's well-capitalised balance sheet, industry-leading transparency, and over 30 years of experience reliably supplying commodities globally.

Citi (Citigroup Global Markets Inc.) and MUFG (MUFG Securities Americas Inc.) acted as Agents on the transaction, which is due to close and fund on 30 May 2025.

About Trafigura
Trafigura is a leading commodities group, owned by its employees and founded over 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through MorGen Energy and joint venture Nala Renewables.

The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture and Greenergy, supplier and distributor of transportation fuels and biofuels. The Group employs over 13,000 people, of which over 1,400 are shareholders and is active in over 150 countries.

Trafigura Group Pte. Ltd. press release