Media & Press
October 27, 2021 STAMFORD, Conn.--(BUSINESS WIRE)--Six One Commodities LLC (“61C”) today announced that it has successfully closed a $540 million one-year revolving borrowing base credit facility (the “Facility”).
April 26, 2021 NEW YORK--(BUSINESS WIRE)--Six One Commodities Global LLC (“61C Global”), a natural gas and power merchant backed by Pinnacle Asset Management, L.P. (“Pinnacle”), today announced the acquisitions of Vega Energy Partners, Ltd. (“VEP”) and WGL Midstream, Inc. (“WGLM”).
September 29, 2020 NEW YORK--(BUSINESS WIRE)--Six One Commodities LLC (61C) today announced that it is expanding its power and gas business to Europe with the addition of a power team out of Berlin lead by Ingo Klause. Mr. Klause has over 20 years of experience in the CWE region for power trading. He worked for the Swedish utility Vattenfall acting as a lead trader and head of cross border trading and built successful trading strategies together with his team. Six One Commodities US LLC (EU Trading) is an affiliate of Six One Commodities Global LLC and will be based in Berlin.
January 28, 2020 NEW YORK--(BUSINESS WIRE)--Six One Commodities LLC (61C) today announced Joshua Bailey is joining the senior leadership team as its new Chief Financial Officer (CFO), effective January 27, 2020. Bailey joins 61C from Castleton Commodities International LLC (CCI) where he was the CFO of the Assets group. Bailey brings with him an extensive background in corporate finance, treasury, financial planning and analysis, strategic planning and risk management along with a deep appreciation for 61C’s energy commodity business and its announced global expansion.
January 15, 2020 SINGAPORE, (REUTERS) - U.S.-based firm Six One Commodities is entering the liquefied natural gas (LNG) market and will be appointing a team by end of first quarter, this year, the company’s chief executive told Reuters on Wednesday.
November 19, 2019 NEW YORK--(BUSINESS WIRE)--Six One Commodities LLC (“61C”) announced today that the borrowing base facility (“BBF”) under its credit agreement with ABN AMRO Capital USA LLC (“ABN AMRO”) has been increased to US$175,000,000 and ING Capital LLC (“ING”) has joined the BBF.
May 30, 2019 NEW YORK--(BUSINESS WIRE)--Six One Commodities LLC (“61C”) has signed a US$100 million borrowing base facility (“BBF”). The BBF will be used to provide liquidity for its growing business. The facility can be drawn through working capital loans and trade finance instruments such as letters of credit. ABN AMRO Capital USA LLC (“ABN AMRO”) acted as lead arranger and administrative agent on the deal
September 6, 2019 NEW YORK--(BUSINESS WIRE)--Pinnacle Asset Management, L.P. and affiliated investment entities, (“Pinnacle”), a leading commodities and natural resources investment organization, today announced the acquisition of the North American natural gas wholesale trading business from Sierentz Global Merchants LLC. Ben Sutton, who most recently served as Head of North American Gas and Power at Noble Americas Corp., will serve as CEO of the new business, which will be known as Six One Commodities.