Trammo, Inc. successfully renewed its $430 Million Revolving Credit Facility

Guerrero Olivos, Paul Hastings and DLA Piper advised on the transaction

Trammo, Inc. has successfully renewed its revolving credit facility. The $430 million secured facility, with an accordion feature that can permit an increase in total commitments up to $505 million, has been renewed for a period of two years with a syndicate of 10 international banks. Coöperative Rabobank UA, New York Branch is the Administrative and Collateral Agent, and also serves, together with ABN Amro Capital USA LLC and BNP Paribas, as joint lead arranger and joint book runner.

The renewed facility is available for working capital and general corporate purposes to support Trammo’s commodities trading and distribution businesses around the world. It replaces Trammo’s current credit facility which was due to expire on July 31, 2017.

In Chile, Guerrero Olivos advised Trammo and Coöperatieve Rabobank U.A. with Jorge Delpiano (Picture) and Miguel Coddou.

Paul Hastings LLP advised Coöperatieve Rabobank U.A. with Luc Despins, Michael Baker, Danny Choi, Soufi Mirfakhraei and Dev Singh.

DLA Piper advised Grupo Trammo with Jamie Knox, Daniel Egan and Said Ertekin.

Involved fees earner: Jorge Delpiano Kraemer – Guerrero Olivos; Miguel Coddou Astrain – Guerrero Olivos; Luc Despins – Paul Hastings; Sung Ho Choi – Paul Hastings; Michael Baker – Paul Hastings; Soufi Mirfakhraei – Paul Hastings; Jamie Knox – DLA Piper; Daniel Egan – DLA Piper;

Law Firms: Guerrero Olivos; Paul Hastings; DLA Piper;

Clients: Rabobank; Trammo, Inc.;

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Author: Ambrogio Visconti.