skip to main content

June 25, 2021

Stroock represented Castleton Commodities International LLC (CCI) in the closure of a borrowing base facility valued at $1.7 billion. The facility consists of a $100 million 3-year tranche; a $1.25 billion 2-year tranche; and a $350 million 364-day tranche. The facility also includes a $1 billion accordion, which remains available to support CCI’s future growth.

The Stroock team included Marvin Goldstein and Christopher Doyle.

CCI is a global energy commodity merchant with integrated businesses focused on marketing, merchandising, and trading commodities, and the ownership, operation and development of commodities-related infrastructure and upstream assets.

The proceeds will refinance CCI's existing borrowing base facility signed in June 2020, fund general corporate purposes and provide letters of credit for the company's merchanting activities globally.