Hogan Lovells advises Freepoint Commodities as it announces renewal of its revolving credit facility at US$2.5 billion; allows growth to US$3.2 billion

Freepoint is a global commodities merchant of physical commodities providing customers with physical supply and logistics chain management and services, along with eco-friendly products and solutions.

MUFG Bank, Ltd. and Natixis, New York Branch are Joint Lead Arrangers and Joint Bookrunners for the Facility. Coöperatieve Rabobank U.A., New York Branch, Société Générale and Wells Fargo Bank, N.A., are Joint Lead Arrangers. MUFG Bank, Ltd. is the Administrative Agent. The Co-Syndication and Co-Documentation Agents are Coöperatieve Rabobank U.A., New York Branch, Société Générale, Wells Fargo Bank, N.A, ING Bank N.V. and UBS Switzerland AG. The other continuing participating banks are Industrial and Commercial Bank of China Ltd., New York Branch; Bank of China, New York Branch; Credit Agricole Corporate and Investment Bank; Deutsche Bank AG, New York Branch; Oversea-Chinese Banking Corporation Limited, New York Agency; Commonwealth Bank of Australia; HSBC Bank USA, N.A.; HSBC UK Bank plc; Mizuho Bank, Ltd.; Sumitomo Mitsui Banking Corporation; and Garantibank International N.V. In addition, Freepoint is pleased to announce that Citibank, N.A., London Branch has joined the bank group as a new participant in the Facility.

Freepoint also extended the maturity of its US$125 million subordinated secured credit facility. Participating banks in this facility are MUFG Bank, Ltd., Natixis, New York Branch, Coöperatieve Rabobank U.A., New York Branch, Societe Generale and UBS Switzerland AG.

The Hogan Lovells New York-based team was led by partners Marvin Goldstein and Chris Doyle, senior counsel Richard Fried, senior associate Katherine Mendoza, associate Ignacio Esteban Beheran, and paralegal specialist Jessica Nichelson.