DRW Energy Trading Closes Upsized $1 Billion Revolving Credit Facility
Key Highlights
- ➤DRW Energy Trading closes upsized $1 billion revolving credit facility
- ➤Facility includes $600 million committed and $400 million uncommitted tranches
- ➤Additional $400 million accordion feature expands potential borrowing capacity
- ➤Wells Fargo acts as Administrative Agent, Bookrunner, and Joint Lead Arranger
- ➤Facility was oversubscribed with strong support from existing lenders
Expert Statements
Jason Vogler, Head of Franchise Power and Gas at DRW Energy Trading
“Access to financing is essential to moving physical power and gas where it's needed.”
Jason Vogler, Head of Franchise Power and Gas at DRW Energy Trading
“This expanded facility gives us greater capacity to support physical flows across North American energy markets.”
Jason Vogler, Head of Franchise Power and Gas at DRW Energy Trading
“We appreciate our lending banks' continued confidence and value the relationships we have with them across DRW.”
Cristina Roberts, Division Executive, Energy & Commodities at Wells Fargo Commercial Banking Specialized Industries group
“We are proud to have supported DRW Energy Trading in the successful closing of its $1 billion syndicated credit facility.”
Cristina Roberts, Division Executive, Energy & Commodities at Wells Fargo Commercial Banking Specialized Industries group
“This transaction reflects the strength of DRW's business and the confidence of its banking group.”
Cristina Roberts, Division Executive, Energy & Commodities at Wells Fargo Commercial Banking Specialized Industries group
“We value our relationship with DRW and appreciate the opportunity to continue to partner with them as they expand their business in the North American energy markets.”
DRW Energy Trading Closes Upsized $1 Billion Revolving Credit Facility PR Newswire
HOUSTON, Nov. 10, 2026 /PRNewswire/ -- DRW Energy Trading LLC ("DRW Energy Trading"), the energy marketing and trading subsidiary of DRW, today announced the closing of its upsized $1 billion revolving credit facility.
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