International law firm Simmons & Simmons has advised Traxys, a leading global trader in metals and natural resources, on its $1.8bn credit facility.
Traxys has refinanced and increased its flagship multicurrency syndicated revolving credit facility, in a process that showed strong support from the global firm’s banking partners.
The financing will be used to support the continued growth of the company and its diverse global commodities businesses – allowing it to consolidate its leading market position.
Headquartered in Luxembourg, Traxys is a physical commodity trader and merchant in metals and natural resources. Its operations are spread over 20 offices worldwide, and it has an annual turnover of over $8bn.
Simmons advised Traxys with a team led by partner Eric Blomme, head of the firm’s Belgian Banking & Finance practice, supported by associates Raf Thielemans and Ricciardo Iraci.
Eric Blomme commented: “We are proud to have advised our long-standing client Traxys on this significantly oversubscribed refinancing. Congratulations to the Traxys team as well as all lenders and advisers involved on this milestone financing.”
