ARM Energy Trading closed a two-year $600 million revolving credit facility, replacing a $400 million line and increasing the facility’s size by 50%. The company announced the refinancing on November 5 to support its marketing and trading business.
ARM buys and sells natural gas, crude oil and natural gas liquids across North America. It arranges transport and storage for customers including producers, utilities and local gas distributors, alongside scheduling and hedging services.
In February 2024, ARM announced a minority investment from Tokyo Gas America. Tokyo Gas’s disclosure specified a 49% interest and said it wanted to combine ARM’s gas procurement and sales capabilities with its North American shale-gas business.
Rabobank North America led the financing, with Natixis and HSBC joining the lender group. The agreement includes a separate $200 million expansion option, outside the $600 million closed. ARM Energy Services and its subsidiaries will use the facility for refinancing, working capital and letters of credit. The previous line was due to mature in April 2027.
Chief executive Zach Lee said the added liquidity would help ARM offer short- and medium-term arrangements to customers serving liquefied natural gas exports and AI-driven power demand. Chief financial officer Bo Dunne said the refinancing improved pricing, although the company did not disclose the borrowing margin or initial drawings.