{"url":"https://newsforagent.com/news/2026-11-11/castleton-commodities-credit-facilities-renewal","markdown_url":"https://newsforagent.com/news/2026-11-11/castleton-commodities-credit-facilities-renewal.md","title":"Castleton Commodities Renews $2.4 Billion in Credit Facilities","headline":"Castleton Commodities International Renews and Expands Credit Facilities to $2.4 Billion","description":"Castleton Commodities International renewed two credit facilities totaling $2.4 billion, up from $2.1 billion.","section":"Funding","published_at":"2026-11-11T11:25:20+00:00","modified_at":"2026-11-11T11:25:20+00:00","author":"News Desk","key_takeaways":["Castleton Commodities International renewed credit facilities totaling $2.4 billion, up from $2.1 billion in 2025.","The secured borrowing base facility totals $2.0 billion and carries an accordion option of up to $1 billion.","Commitments exceeded $2.9 billion from a syndicate of 17 banks across nine countries."],"companies":[{"name":"Castleton Commodities International","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000tl7/castleton-commodities-international","website":"http://www.cci.com"},{"name":"Societe Generale S.A.","is_primary":false,"profile_url":"https://akta.pro/company-profiles/00002l9/societe-generale-s-a","website":"https://www.societegenerale.com"},{"name":"Citibank NA","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000czjm/citibank-na","website":"https://www.citigroup.com/global/investors/corporate-governance/citibank-na-boardofdirectors"}],"source":{"publisher":"PR Newswire","title":"Castleton Commodities International LLC Completes Renewal and Expansion of Credit Facilities Totaling $2.4 Billion","url":"https://www.prnewswire.com/news-releases/castleton-commodities-international-llc-completes-renewal-and-expansion-of-credit-facilities-totaling-2-4-billion-302935530.html"},"other_sources":[],"tags":["Funding","Castleton Commodities International","Societe Generale S.A.","Citibank NA"],"body_markdown":"Castleton Commodities International LLC renewed two credit facilities totaling $2.4 billion, up from $2.1 billion in 2025, with MUFG Bank Ltd. serving as global coordinator and administrative agent for both. [PR Newswire](https://www.prnewswire.com/news-releases/castleton-commodities-international-llc-completes-renewal-and-expansion-of-credit-facilities-totaling-2-4-billion-302935530.html) reported the renewal on November 11, 2026.\n\n## How the Castleton Facilities Are Structured\n\nThe secured borrowing base facility totals $2.0 billion, made up of a $900 million one-year tranche and a $1.1 billion two-year tranche. The secured facility also includes an accordion option of up to $1 billion. Castleton renewed and upsized its unsecured revolving credit facility to $400 million from $210 million.\n\nCommitments exceeded $2.9 billion from a syndicate of 17 banks across nine countries, and the facilities were oversubscribed. MUFG Bank Ltd.; [Societe Generale S.A.](https://akta.pro/company-profiles/00002l9/societe-generale-s-a); [Citibank](https://akta.pro/company-profiles/000czjm/citibank-na) N.A.; Coöperatieve Rabobank U.A., New York branch; Credit Agricole Corporate and Investment Bank; ING Capital LLC; Natixis, New York branch; and Wells Fargo Bank N.A. served as joint lead arrangers for the secured facility.\n\n\"The successful renewal and upsizing of these facilities reflects the strength of CCI's financial position and our banking partners' confidence in our growth strategy,\" said Rick Dolcetti, Castleton's Chief Financial Officer and Chief Operating Officer. \"We value the longstanding support and relationships we have built across our global banking network.\"\n\nHogan Lovells Cadwalader US LLP served as legal counsel to the lenders, and Blank Rome LLP served as legal counsel to Castleton. [Castleton](https://akta.pro/company-profiles/0000tl7/castleton-commodities-international) describes itself on [its website](http://www.cci.com) as a global energy commodity merchant focused on marketing, merchandising and trading commodities and on owning, operating and developing commodities-related infrastructure assets.\n\n## Castleton's Prior Credit Renewals\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Castleton renewed credit facilities totaling more than $2.1 billion in November 2025, including a $1.9 billion secured borrowing base facility and a $210 million unsecured revolving credit facility, with commitments exceeding $2.5 billion from 17 banks across nine countries. The same records list two debt-funded rounds of $2.1 billion, in November 2023 and November 2025.\n\n| Date | Facility total | Secured borrowing base | Unsecured revolver |\n| --- | --- | --- | --- |\n| November 2023 | $2.1 billion | Not stated | Not stated |\n| November 2025 | More than $2.1 billion | $1.9 billion | $210 million |\n| November 2026 | $2.4 billion | $2.0 billion | $400 million |\n\nThe same records list a February 2026 acquisition of Linden VFT, a 315 MW transmission facility in New Jersey, from GE Vernova, and a May 2025 purchase by Castleton and partner Tokyo Gas of Chevron's East Texas gas assets for $525 million through TG Natural Resources.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}