Duferco Participations Holding SA (“Duferco”) is pleased to announce the successful closing of a EUR 105 million Revolving Credit Facility (the “Facility”) in favour of its subsidiary DXT Commodities SA (“DXT”).
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (“DZ BANK”) acted as Coordinator in the Facility as well as Mandated Lead Arranger, Agent and ESG Agent. KfW IPEX–Bank GmbH acted as Mandated Lead Arranger.
“The closing of this Facility has been a success and strong vote of confidence in DXT Commodities during very volatile market conditions. We appreciated a lot the outstanding structuring and syndication capabilities of DZ BANK, as well as the support received from primary German and Austrian banks, and we are pleased also that this Facility has an ESG feature, which will allow DXT Commodities to consolidate its role as an energy transition facilitator,” said Maurizio Cencioni, CFO, DXT Commodities.
The Facility will be used for general corporate and working capital purposes, but mainly to support the growth of the business in Central and East-European countries and the issue of Off Balance Sheet Instruments (including ESG-related guarantees).
The participating banks or institutions in the Facility are as follows:
Coordinator:
- DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
Mandated Lead Arrangers:
- DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
- KfW IPEX–Bank GmbH
Agent and ESG Agent:
- DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
Lead Arrangers:
- Erste Group Bank AG
- AKA Ausfuhrkredit-Gesellschaft mbH