Stroock Corporate Team Advises on Two Credit Facilities for Castleton Commodities Totaling $3.6 Billion
A Stroock corporate team advised Castleton Commodities International in obtaining two large credit facilities totaling $3.6 billion. The loans include a senior secured piece for working capital and a committed unsecured revolving credit facility. Both pieces were significantly oversubscribed, with 27 banks from 13 countries participating.
CCI is a global commodities merchant that trades, owns and operates physical and financial commodities and other assets, from natural gas and crude oil to electric power, metals and financial instruments. The company is based in Stamford, CT.
Stroock’s deal team was led by corporate partners Marvin Goldstein and Christopher Doyle; also working on the transaction were of counsels Richard Fried and George Shockey, and associates Benjamin Smyser, David Shapiro and Sophia Dai.
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