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Gunvor
Gunvor asian rcf tops us $1 billion after additional interest
Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor Group”), has increased its USD911.7 million syndicated revolving credit facility (the “Facility”) to USD1.0627 billion on 24 July 2015 through accordion to accommodate additional interest in…
Gunvor increases middle east borrowing base to us $525 million
Gunvor Group, comprising Gunvor SA, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has signed a US $525 mil. secured uncommitted borrowing base facility (the “Facility”), which represents an increase of US $105 mil.…
Gunvor Completes Majority Sale of Ust-Luga Oil Products Terminal
Gunvor Group, a leading global commodities trading house, has sold a 74 percent stake in OJSC “Ust-Luga Oil”, the operator of Ust-Luga Oil Products Terminal, to a company controlled by Mr. Andrei Bokarev, an investor in coal mining, transportation and…
Gunvor Singapore Closes Asian RCF Oversubscribed at USD 911.7 Million
Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor Group”), has signed a USD 911.7 million syndicated revolving credit facility (the “Facility”). Initially launched at USD 550 million, the Facility was well received by the…
Gunvor Sells Kolmar Mining Asset
Gunvor Group has divested its stake in MC Kolmar (Kolmar), a coking coal mining and processing company located in the Sakha Republic of the Russian Federation, to a company controlled by Mr. Andrei Bokarev, an investor in coal mining and…
Gunvor singapore launches us$550 million revolving credit facility
Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group (“Gunvor” or the “Company”), today launched a US$550 million syndicated revolving credit facility (the “Facility”), which will support new activities and existing operations in the Asia Pacific. DBS…
Gunvor closes oversubscribed us$ 1.09 billion revolving credit facility
Gunvor has signed a US$ 1.09 billion Revolving Credit Facility, which will be used to finance general corporate and working capital requirements. The Facility was oversubscribed, having launched at US$ 900 million, and complements the existing US$ 305 million Facility that matures in 2016.
Gunvor Statement
Gunvor has never been notified by the U.S Department of Justice (DoJ) of any investigation against it, and is simply caught up in political crossfire. Any allegations of wrongdoing with respect to our trading activities are baseless and entirely false.…
Gunvor launches us $900 million revolving credit facility
Gunvor has launched the syndication of a US $900 million Revolving Credit Facility to replace the maturing tranche, which is used to finance general corporate and working capital requirements.
Gunvor Group Posts 12% Increase in EBITDA for First Half 2014
For the first half, Gunvor’s EBITDA increased approximately 12% to US $395 million, up US $41 million over the first half 2013. Revenue remained steady at US $45 billion. Volumes increased to 71 million MT, compared with 61 million MT during the same period 2013, and included the addition of metals trading.