Trammo Group and Rabobank refinancing

1.      Deal description

Guerrero Olivos assisted Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as Arranger, Agent and Collateral Agent, and Banks party thereto, and Trammo, Inc., Trammo Gas International, Inc., Trammo AG, Trammo Pte. Ltd., Trammo DMCC, Trammo Chile Limitada (“Trammo Group”) in the refinancing of existing indebtedness of Trammo Group, pledge granted by Trammo Chile Limitada, and full legal opinion granted for the transaction.

The renewed facility is available for working capital and general corporate purposes to support Trammo’s commodities trading and distribution businesses around the world. It replaces Trammo’s current credit facility which was due to expire on July 31, 2017.

2.      Counsel list

Guerrero Olivos: Chilean advisor to Rabobank and Trammo Group, Partner Jorge Delpiano, email: [email protected]; Senior Counsel Miguel Coddou, email: [email protected]

Trammo, Inc.: internal counsel Ryan Papir, email: [email protected]

Paul Hastings: New York advisor to Rabobank, Associate Soufi Mirfakhraei, email: [email protected]

DLA Piper: New York advisor to Trammo Group, Law Clerk Said Ertekin, email: [email protected]

Other participating law firms :

(i) DLA Piper LLP (US), as special U.S. counsel to the Loan Parties,

(ii) Walder Wyss Ltd, as special Swiss counsel to the Loan Parties,

(iii) One Legal LLC, as special Singapore counsel to the Loan Parties,

(iv) DLA Piper Middle East LLP, as special Dubai counsel to the Loan Parties,

(v) AnJie Law Firm, as special Chinese counsel to the Loan Parties,

(vi) Estudio Echecopar, as special Peruvian counsel to the Loan Parties and

(vii) Paul Hastings (Europe) LLP, as special English counsel to the Agent

3.      Date of closing

20/07/2017

4.      Deal value

The refinancing, in full, of current indebtedness under the Existing Credit Agreement, involves a US$430 million revolving credit facility, with an accordion feature that can permit an increase in total commitments up to $505 million; renewed for a period of two years, with a syndicate of 10 international banks.

The renewed facility is available for working capital and general corporate purposes to support Trammo’s commodities trading and distribution businesses around the world. It replaces Trammo’s current credit facility which was due to expire on July 31, 2017.

5.      Jurisdictions involved

United States of America, Switzerland, Singapore, Dubai, China, Peru and Chile.