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.

In August of 2018, Pinnacle Asset Management, L.P. and affiliated
investment entities (“Pinnacle”), a leading commodities and natural
resources investment organization partnered with Benjamin Sutton, who
had served as Head of North American Gas and Power at Noble Americas Gas
& Power Corp., to form 61C. Simultaneously with this partnership, 61C
acquired the North American natural gas wholesale trading business from
Sierentz Global Merchants LLC. Benjamin Sutton serves as the CEO of 61C.

MANAGEMENT COMMENT

“The closing of our credit facility is a huge leap forward for 61C’s
financial flexibility and overall cost of capital,” commented Benjamin
Sutton. “We would like to thank ABN AMRO and Pinnacle for their
invaluable commitment over the past 9 months, which has been
instrumental to the enormous strides 61C has already made.”

ABOUT SIX ONE COMMODITIES LLC

61C is a North American natural gas and power merchant formed in August
2018 and headquartered in Stamford, CT. 61C is led by key members of the
former leadership team of Noble North American Gas and Power (“NAGP”) –
a former leading natural gas and power merchant. The 61C team has a
demonstrated track record of unique market insight, strong client
relationships, robust returns, and disciplined risk management to
execute on opportunities with the gas and power merchanting space.

ABOUT PINNACLE ASSET MANAGEMENT

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 $2.3 billion under management.
Pinnacle provides its institutional investor clientele 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.

ABOUT ABN-AMRO

ABN AMRO is a Dutch based bank for retail, corporate and private banking
clients. We are a relationship-driven, knowledgeable and digitally savvy
bank, active in the US, Asia and Europe and with expertise in selected
sectors globally. Our purpose is Banking for better, for generations to
come. Headquartered in Amsterdam, ABN AMRO employs around 19,000 people
worldwide. Please visit at www.abnamro.com

Contacts

61C Media Contact Information:
Joseph Limone
Six One
Commodities LLC
(203) 409-2329
[email protected]