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Gunvor Closes USD $530 Million Facility to Support Activities in Americas
11 December 2012

Gunvor Group, together with Crédit Agricole and Natixis, acting as Co-Arrangers, designed a collateral-pooled facility to support its crude oil operations in the Americas. The USD $530 million facility was fully subscribed by six core banks in record time, packing in about two months. The facility will serve the storage of crude oil in Panama and the downstream sales to refiners in South and North America, including the United States.