TrailStone Group, the gas and power trader and investor based in London, has closed the year with a €150m revolving credit facility, which complies with the Green Loan Principles.
The €150m mutli-currency secured uncommitted facility will be used by TrailStone Renewables to finance its renewable asset management business in Europe. Proceeds will be used in its renewable asset management business, to increase the power capacity it manages.
The facility adheres to the Green Loan Principles created by the European Loan Market Association and Asia Pacific LMA in 2018.
ING acted as arranger, sustainability coordinator, active bookrunner, security agent, facility agent and fronting bank, and was joined by MUFG, Rabobank, Standard Chartered and Tokio Marine Europe in syndication.
TrailStone was one of six commodity trading firms that Germany’s Bundesnetzagentur network regulator began investigating earlier this year, following market discrepancies that caused problems for German power supplies in June.