Liberty Industries France

Liberty Industries France - TL

Borrower (s)
Industry
Metals and Mining/Base metals
Area of finance
Commodity Trade Finance
Country
France

Deal Overview

The financing package includes a first-of-its-kind stapled, syndicated commodity price hedging agreement for the smelter, which is tailored to the asset profile and financing terms, and allows for exposure to be distributed across the syndicate of lenders. Bank of America Merrill Lynch acted in sole...

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The financing package includes a first-of-its-kind stapled, syndicated commodity price hedging agreement for the smelter, which is tailored to the asset profile and financing terms, and allows for exposure to be distributed across the syndicate of lenders. Bank of America Merrill Lynch acted in sole capacity in designing, structuring, syndicating, coordinating and managing the commodity program.

The deal was successfully structured closed during a period of turbulence in the aluminium markets due to a combination of the US sanctions relating to Rusal and the partial shutdown of the world’s largest alumina refinery in Brazil  due to an environmental dispute. 

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Deal Volume
$ 350m
Financial Close
14 December 2018
Sources
Submitted by participant(s), TXF article

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