DUBAI, March 7 (Reuters) - Global commodity trader
Trafigura will receive a $135 million loan from Abu Dhabi
Exports Office (ADEX) and Japan's Sumitomo Mitsui Financial
Banking Corporation, the United Arab Emirates' state news agency
WAM said on Tuesday.
ADEX, the Abu Dhabi Fund for Development's export financing
arm, will provide $125 million and SMBC, which acted as facility
agent and coordinator, $10 million.
The two-year loan will "support Trafigura's working capital
needs, including exports of metals, minerals and refined
hydrocarbons from the UAE," WAM said.
Trafigura said last month it had booked a $577 million
charge for the first half of 2023 after discovering some nickel
cargo it received did not contain the metal.
(Reporting by Tala Ramadan; Writing by Yousef Saba; Editing by
Louise Heavens)
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