DRW Energy Trading Closes Upsized $1 Billion Revolving Credit Facility
DRW Energy Trading Closes Upsized $1 Billion Revolving Credit Facility
PR Newswire
HOUSTON, Nov. 10, 2026
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.
The facility comprises a two-year, $600 million committed tranche and a one-year, $400 million uncommitted tranche, with an additional $400 million accordion feature.
The facility was oversubscribed and received strong support from existing lenders. Wells Fargo acted as Administrative Agent, Bookrunner, and Joint Lead Arranger. ING Capital, MUFG Bank, Ltd., Natixis and Societe Generale acted as Joint Lead Arrangers. Other participating banks include Garanti BBVA International, Rabobank North America and Standard Chartered.
"Access to financing is essential to moving physical power and gas where it's needed," said Jason Vogler, Head of Franchise Power and Gas. "This expanded facility gives us greater capacity to support physical flows across North American energy markets. We appreciate our lending banks' continued confidence and value the relationships we have with them across DRW."
"We are proud to have supported DRW Energy Trading in the successful closing of its $1 billion syndicated credit facility," said 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. 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."
About DRW Energy Trading
DRW Energy Trading LLC is the energy marketing, logistics and trading business of DRW, a global trading firm with decades of experience in financial and commodity markets. Focused on North American power, natural gas and emissions markets, the business brings together meteorologists, engineers, data scientists, traders and financial experts to meet complex energy supply and risk management needs. DRW Energy Trading is active across all major US power and natural gas markets, providing physical supply and financial liquidity. Its portfolio of assets supports critical supply and takeaway capacity in constrained regions, with particular expertise in the Western United States and along the Texas–Mexico border. Learn more at drw.com.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 38 on Fortune's 2026 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
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