Castleton acquisition of Morgan Stanley's Global Oil Merchanting Business

Overview:

• Castleton Commodities has acquired Morgan Stanley’s global oil merchanting business.
• The business includes oil terminal storage agreements, freight shipping contracts, oil and inventory. 
• BNP Paribas acted as global coordinator, sole underwriter and administrative agent in relation to a $3.5 billion committed senior secured working capital credit facility and a $250 million committed unsecured revolving credit facility to Castleton Commodities to finance the acquisition.

Rani Mehta - Journalist