October 22, 2017 11:04 PM ET

Capital Markets

Company Overview of Castleton Commodities International LLC

Company Overview

Castleton Commodities International LLC trades energy commodities. It markets physical commodities, including energy solutions, coal, crude oils, freights, fuel oils, iron ores, natural gases, natural gas liquids, petrochemicals, electric power, refined products, upstream energy products, and financial instruments. The company also offers ownership, operations, and development of commodities-related upstream and infrastructure assets. It supplies its products to utilities and commercial end use customers in the United States and internationally. The company was formerly known as Louis Dreyfus Highbridge Energy, LLC and changed its name to Castleton Commodities International LLC in 2013. Cast...

2200 Atlantic Street

Suite 800

Stamford, CT 06902-6834

United States

Founded in 1997

Phone:

203-564-8100

Fax:

203-564-8119

Key Executives for Castleton Commodities International LLC

President, Chief Executive Officer and Director
Senior Managing Director and Chief Financial Officer
Senior Managing Director and Chief Operating Officer
Senior Managing Director and President of Power, Gas, Metals & Cross Commodities
President of CCI Upstream
Compensation as of Fiscal Year 2017.

Castleton Commodities International LLC Key Developments

Noble Group To Reportedly Pick Buyer For LNG Unit By September

Noble Group Limited (SGX:CGP) intends to pick a buyer for its oil and liquefied natural gas (LNG) units. The buyer is expected to be picked by mid-September to cover debts and reduce credit exposure, sources familiar with the matter said. Potential buyers for the oil business have signed non-disclosure agreements, one of the sources told Reuters. "We have the last two weeks of August to view and then compile the bids. Noble will then take the first two weeks of September to review them," the source said. The sources, who did not put a value on the oil and LNG units, said interested parties included Mercuria Energy Group Limited, Vitol Holding B.V., Castleton Commodities International LLC, Freepoint Commodities LLC and LITASCO SA. The Edge added that a spokesman for Mercuria said the company was "looking broadly at opportunities in the marketplace." Spokesmen for Vitol and Litasco declined to comment. Freepoint and Castleton did not immediately respond to requests for comment.

Castleton Commodities International LLC Closes Two Credit Facilities Totaling $3.6 Billion

Castleton Commodities International LLC closed two credit facilities totaling $3.6 billion. The proceeds will refinance CCI's existing $3 billion senior secured facility and $300 million unsecured facility signed in June 2016, fund general corporate purposes and provide letters of credit for the company's merchanting activities in multiple countries.

Castleton Commodities International Llc Closes Credit Facilities Totaling $3.6 Billion

Castleton Commodities International LLC announced the closing of two credit facilities totaling $3.6 billion. The facilities include a committed senior secured working capital facility and a committed unsecured revolving credit facility. The senior secured facility is comprised of a $1.25 billion 3-year tranche and a $2.0 billion 364-day tranche. The unsecured facility is comprised of a single $350 million 364-day tranche. Both facilities were significantly oversubscribed, with CCI receiving over $4.9 billion of commitments in total. A diverse group of 27 banks from 13 countries participated in the facilities, including two new banks. The proceeds will refinance CCI’s existing $3.3 billion senior secured facility and $300 million unsecured facility signed in June 2016, fund general corporate purposes and provide letters of credit for the Company’s merchanting activities in multiple countries. The senior secured facility features a $1.0 billion accordion which remains available to support future growth.

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