RLPC-Mercuria signs increased $685 million loan

LONDON, June 24 (Reuters) - Swiss energy trader Mercuria Energy Trading said on Wednesday it has signed an increased $685 million, 364-day revolving credit facility.

Mercuria initially signed the loan in May at $385 million to repay an existing $354 million loan dated maturing that month.

The loan was then launched to syndication at $400 million using a so-called accordion feature to boost its size.

Syndication of the deal was successful, with a total of 21 banks committing to the facility alongside the bookrunners BNP Paribas, Calyon, Fortis Bank Nederland, ING Bank, Rabobank, Societe Generale CIB and Standard Chartered Bank.

The loan, which pays a margin of 225 basis points over LIBOR and includes a 364-day extension option, will be used for general corporate purposes.

Participating banks were invited of $50 million, $35 million, $25 million and $10 million.

Mercuria Energy is one of the world's five largest independent energy traders and consists of an international group of companies active over a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas, power, biodiesel, vegetable oils, coal, and carbon emissions. (Reporting by Alasdair Reilly; Editing by Dan Lalor)