Six One Commodities Closes $800 Million Global Borrowing Base Facility
Six One Commodities Global LLC (“61C”), an energy merchant backed by Pinnacle Asset Management, L.P. (“Pinnacle”), today announced the successful closing of an $800 million, two-year global borrowing base facility (the “Facility”) to support the company’s integrated global merchant operations. The Facility was significantly oversubscribed and includes a $300 million accordion feature, increasing total capital available to $1.1 billion. A diverse group of 12 banks across North America, Europe, and Asia participated in the Facility, marking an important milestone in 61C’s growth and the continued scaling of its global energy merchant platform.
Six One Commodities Closes $800 Million Revolving Credit Facility With Global Borrowing Base
Six One Commodities Global LLC (“61C”) today announced that it has successfully closed an $800 million, 18-month revolving credit facility (the “Facility”) with a global borrowing base that advances its transition into a leading integrated energy merchant globally. The Facility was significantly oversubscribed and includes a $300 million accordion feature, bringing total capital available to $1.1 billion. A diverse group of 12 banks from North America, Europe, and Asia participated in the facility, which is designed to provide the additional liquidity needed to support 61C’s expanding physical and LNG business across international markets.
Six One Commodities Announces the Acquisition of Vega Energy Partners and WGL Midstream
Six One Commodities Global LLC (“61C Global”), a natural gas and power merchant backed by Pinnacle Asset Management, L.P. (“Pinnacle”), today announced the acquisitions of Vega Energy Partners, Ltd. (“VEP”) and WGL Midstream, Inc. (“WGLM”).
