Mercuria raises $2.3bn to strengthen its energy presence in Asia

Mercuria Energy Group has finalised a set of syndicated credit facilities in Asia totalling over $2.3bn equivalent, including tranches in US dollars and Chinese yuan. This refinancing transaction for 2025 represents a 35% increase in commitments compared to the previous year, securing over $600mn in additional capacity.

A transaction structured around four main facilities

The deal comprises four instruments: a one-year USD revolving credit facility totalling $1.193bn, a one-year CNH facility of CNH3.683bn ($506mn), a combined revolving and swingline credit facility of $283mn, and a three-year USD revolving facility of $315mn. The transaction was arranged with the participation of 41 banks, including new lenders and established Asian financial institutions.

Bookrunning Mandated Lead Arrangers included Abu Dhabi Commercial Bank PJSC, Bank of China Limited, DBS Bank Ltd., MUFG Bank Ltd., and Mizuho Bank Ltd. Sumitomo Mitsui Banking Corporation (SMBC) acted as facility agent. Chinese banks played a key role, particularly in the CNH tranche.

Strong and growing regional banking support

Mercuria, active in energy trading and investment, continues to expand across China, Japan, Southeast Asia, and Oceania. The successful closing highlights the perceived strength of its financial model and lender recognition of its growth strategy in Asia.

According to Group Chief Financial Officer Guillaume Vermersch, the operation not only expanded the credit line but also broadened its group of banking partners. He stated that the strong participation from regional institutions, especially from China, confirms Asia’s strategic importance to Mercuria.

Increased funding capacity to support expansion

The group continues to optimise its cash flow management and has secured financing lines suited to the volatility of commodity markets. The financial structure put in place enhances the group’s operational flexibility across Asian markets while diversifying its funding sources.

Mercuria continues to anchor its regional strategy through increased engagement with Asian financial institutions, reinforcing its position in energy trading and commodities supply on the continent.