Provided by PR Newswire
May 3, 2021 2:06 PM UTC
Freepoint Commodities Renews Its Revolving Credit Facility at USD 2.63 Billion; Allows Growth to USD 3.23 Billion
Freepoint Commodities Renews Its Revolving Credit Facility at USD 2.63 Billion; Allows Growth to USD 3.23 Billion
PR Newswire
STAMFORD, Conn., May 3, 2021
STAMFORD, Conn., May 3, 2021 /PRNewswire/ Freepoint Commodities LLC ( Freepoint ) today announced that it has closed a USD 2.63 billion revolving bank facility (the Facility ). The Facility consists of a USD 1,709,500,000 three-year committed tranche and a USD 920,500,000 one-year uncommitted tranche. Additionally, the Facility has a USD 600 million accordion feature.
BNP Paribas Securities Corp ( BNPPSC ), MUFG Bank, Ltd. ( MUFG ) and Natixis, New York Branch ( NATIXIS ) are Joint Lead Arrangers and Bookrunners for the Facility. Freepoint is pleased to welcome as new Joint Lead Arranger, Wells Fargo Bank, N.A., who will join Coöperat
Director of Investor Relations
Good morning, everyone. This is Sal DiMartino, Director of Investor Relations. Earlier this morning, we issued a joint press release and presentation announcing the acquisition of Flagstar Bancorp by New York Community Bancorp. Both companies also separately issued their respective First Quarter 2021 earnings releases, which we will briefly discuss this morning.
Please note that today s call will take the place of the previously scheduled earnings calls, which have been canceled. Today s releases and presentations have been posted on each company s Investor Relations website.
Before the discussion begins, I d like to remind you that certain comments made today by the management teams of both New York Community and Flagstar, may include forward-looking statements within the meanings of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements we may make are subject to the safe harbor rules. Please review the forward-looki
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