Hartree Partners, LP (“Hartree”), a global energy and commodities trading company, today announced that it has acquired the majority of ED&F Man’s outstanding A2 and B1 Senior Secured Legacy Debt and entered into an exclusive agreement in respect of the acquisition of ED&F Man Commodities’ three business units Volcafe (coffee), ED&F Man Liquid Products (molasses, animal feeds and fish oil) and ED&F Man Sugar. ED&F Man is one of the world’s leading providers of soft commodities and logistics. The transaction is expected to close in 2025, subject to the receipt of required regulatory approvals and other closing conditions.
In conjunction with the transaction, ED&F Man Commodities’ lenders are amending and extending ED&F Man Commodities’ three current cross-commodity facilities until March 31, 2026.