Castleton Commodities International Completes Renewal and Expansion of Credit Facilities

✦ Meridian Analysis

Castleton Commodities International LLC has closed the renewal and expansion of two credit facilities totalling $2.4 billion, up from $2.1 billion in 2025. The deal comprises a $2.0 billion secured borrowing‑base facility split into a $900 million one‑year tranche and a $1.1 billion two‑year tranche, plus an accordion option that can be drawn for up to $1 billion. In parallel, the company upsized its unsecured revolving credit facility to $400 million from $210 million. The lenders are a consortium of MUFG Bank Ltd., Société Générale, Citibank 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 N.A., with MUFG acting as global coordinator and administrative agent for both facilities. What remains undisclosed are the pricing terms, covenant package and any fee structure attached to the facilities, as well as the specific uses of the new capacity beyond general growth. Details on the timeline for potential accordion draws and the identity of any advisory banks were also omitted.

The Meridian Weekly