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Founded Year

2018

Stage

Line of Credit | Alive

Total Raised

$100M

Last Raised

$100M | 4 yrs ago

About Six One Commodities

Six One Commodities is a North American natural gas and power merchant.

Headquarters Location

1 Dock St Suite 412

Stamford, Connecticut, 06902,

United States

203 409 2079

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Six One Commodities Patents

Six One Commodities has filed 1 patent.

The 3 most popular patent topics include:

  • Cloud infrastructure
  • Cloud platforms
  • Remote desktop
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/15/2022

System administration, Remote desktop, Cloud platforms, Symantec acquisitions, Cloud infrastructure

Application

Application Date

9/15/2022

Grant Date

Title

Related Topics

System administration, Remote desktop, Cloud platforms, Symantec acquisitions, Cloud infrastructure

Status

Application

Latest Six One Commodities News

Six One Commodities Successfully Expands and Renews Revolving Credit Facility

Sep 28, 2022

September 28, 2022 02:33 PM Eastern Daylight Time STAMFORD, Conn.--( BUSINESS WIRE )--Six One Commodities LLC (“61C”) today announced that it has successfully closed a $745 million, one-year revolving borrowing base credit facility (the “Facility”). The Facility was expanded from $540 million by its existing financial institutions, a globally diverse group of six European, North American, and Asian financial institutions. The Facility has a $255 million accordion feature available for a total of $1 billion to support future growth. ING Capital LLC, Wells Fargo Bank, N.A., MUFG Bank, Ltd., and Société Générale are Joint Lead Arrangers for the Facility. Other lenders in the facility are HSBC Bank USA NA and Coöperative Rabobank U.A. The Facility will continue to be used to provide liquidity for 61C’s growing physical business. “We are again grateful for the continued strong support shown by our existing lenders,” Benjamin Sutton, 61C’s CEO, said. “With the global energy markets in a highly volatile state, access to liquidity is the key component of a physical commodity merchant. This further expanded Facility positions 61C for continued growth to be a leading merchant in the physical energy commodity markets for years to come.” “Financial institutions are faced with difficult choices in this challenging and volatile operating environment. So, this successful syndication was a meaningful accomplishment for the 61C team in what is a cautious moment for capital providers,” said Matthew Rosetti, Managing Director, Head of Trade & Commodity Finance North America for ING. ABOUT SIX ONE COMMODITIES LLC 61C is a global merchant of physical energy commodities and provides physical supply services and structures. Formed in 2018, 61C is backed by Pinnacle Asset Management, and headquartered in Stamford, CT with offices in Houston and Singapore. The 61C team has a demonstrated track record of unique market insight, strong client relationships, robust returns, and disciplined risk management to execute opportunities within the energy merchanting space. ABOUT PINNACLE ASSET MANAGEMENT, L.P. Founded in 2003, Pinnacle Asset Management, L.P. is a private, New York-based alternative asset management firm focused on the global commodities markets with approximately $5.4 billion under management. Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return funds, strategies, and products. Pinnacle is registered as an investment adviser with the Securities and Exchange Commission, is registered as a commodity trading adviser and a commodity pool operator with the Commodity Futures Trading Commission and is a member of the National Futures Association. Contacts

Six One Commodities Frequently Asked Questions (FAQ)

  • When was Six One Commodities founded?

    Six One Commodities was founded in 2018.

  • Where is Six One Commodities's headquarters?

    Six One Commodities's headquarters is located at 1 Dock St, Stamford.

  • What is Six One Commodities's latest funding round?

    Six One Commodities's latest funding round is Line of Credit.

  • How much did Six One Commodities raise?

    Six One Commodities raised a total of $100M.

  • Who are the investors of Six One Commodities?

    Investors of Six One Commodities include ABN AMRO.

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