Six One Commodities Global announced the closing of an $800 million, two-year global borrowing base facility designed to support the company’s integrated global merchant operations.
The facility includes a $300 million accordion feature, increasing total available capital capacity to $1.1 billion. According to the company, the financing was significantly oversubscribed and included participation from 12 banks across North America, Europe, and Asia.
MUFG Bank, Wells Fargo Bank, Natixis New York Branch, and Société Générale served as Joint Lead Arrangers for the transaction. MUFG Bank also acted as Administrative Agent and Sole Bookrunner, while HSBC Bank USA served as Senior Managing Agent.
Six One Commodities said the financing represents a key milestone in the company’s continued global expansion strategy and provides a unified liquidity structure supporting operations across multiple international regions.
Founded in 2018, Six One Commodities operates as a global merchant of physical energy commodities and developer of energy-related infrastructure assets. The company is backed by Pinnacle Asset Management and is headquartered in Stamford, Connecticut, with offices in Calgary, Houston, Madrid, Singapore, and Zug.
Pinnacle Asset Management currently manages approximately $6 billion focused on global commodities markets through physical and financial absolute return strategies and investment products.
The company stated that the financing strengthens its operational flexibility and positions the business to continue scaling its global energy merchant platform.
KEY QUOTES:
“The significant oversubscription of this financing reflects the confidence our banking partners have in 61C’s global platform, strategic direction, and growth trajectory. The two-year tenor and single global borrowing base provide a unified liquidity foundation which allows us to continue building our business across three key regions.”
Josh Bailey, Chief Financial Officer, Six One Commodities
“MUFG is proud to have served as Sole Bookrunner on 61C’s refinancing of its global borrowing base credit facility. This milestone underscores the deep trust our clients place in MUFG’s structuring and execution capabilities, as well as the continued commitment from 61C’s established bank group. We are also pleased to welcome a new lender to the Facility, broadening 61C’s lender support as the company continues to expand its global footprint.”
Marcie Weiss, Head Of Commodity Finance And Head Of Working Capital & Trade Finance, MUFG
