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Cadwalader Guides $2.1 Billion Credit Facilities Renewal by Castleton Commodities International LLC

November 20, 2025

Cadwalader represented the lenders in the closing of two credit facilities totaling over $2.1 billion by Castleton Commodities International LLC (CCI), a global energy commodity merchant, announced on November 18.

The facilities include a $1.9 billion secured borrowing base facility, which is comprised of an $800 million one-year tranche and a $1.1 billion two-year tranche. This facility also includes an up-to-$1 billion accordion feature to support CCI’s liquidity needs and future growth. The second facility is a $210 million one-year committed unsecured revolving credit facility. A diverse group of 17 banks from nine countries participated in the facilities, which were oversubscribed with more than $2.5 billion in total commitments and participation amounts received. CCI’s official press release can be found here.

The Cadwalader trans-Atlantic team was led by partner Jeff Nagle and special counsel Mike Lynch in Charlotte, with support from associates William Harris and Joseph Mascherin; and partner Matt Smith, senior attorney Nicholas Diamond-Krendel and associate Michael El Gawly.

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