July 03, 2018
Cadwalader advised BNP Paribas and Citibank, N.A. in connection with Castleton Commodities International LLC’s closing of two credit facilities totaling $3.525 billion. The firm advised BNP Paribas, as global coordinator and administrative agent, on a $3.15 billion borrowing base facility and BNP Paribas, as global coordinator, and Citibank, N.A., as administrative agent, on a $375 million unsecured revolving credit facility.
Castleton Commodities International LLC is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. The proceeds will refinance Castleton’s existing $3.25 billion borrowing base facility and $350 million revolving credit facility on which Cadwalader also advised BNP Paribas and Citibank last year.
The Cadwalader Finance team was led by partner Jeffrey Nagle and included partners Christopher McDermott and Jeremy Cross, senior attorney Matthew Stempler, and associates Michael Lynch and Ryan Leverone.
Patrick Quinn and Ruth Merisier discuss the legal profession, working at Cadwalader, and more.
As published in Lawdragon.