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Category Gunvor Group
Gunvor secures us $1.39 billion revolving credit facility
Strong bank support for Group strategy results in substantial over-subscription Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $1.39 billion Revolving Credit Facility (“RCF”) in favour of Gunvor International B.V. and Gunvor SA (the “Borrowers”). The RCF,…
Gunvor usa secures us $875 million borrowing base facility
Gunvor USA LLC, a subsidiary of Gunvor Group, has successfully closed the syndication of its US $875 million Borrowing Base Credit Facility. The facility will support the company’s established operations in the United States, as well as planned expansion into…
Gunvor enters into arrangement to sell stake in maasvlakte olie terminal to aramco overseas company b.V.
Gunvor Group (“Gunvor”), one of the largest physical commodities trading houses in the world, has entered into an arrangement to sell its stake in the Maasvlakte Olie Terminal (“MOT”) in Rotterdam, the Netherlands to Aramco Overseas Company B.V. (“AOC”), a…
Gunvor closes €450 million borrowing base facility to support german operations
Gunvor Group has successfully closed a €450 million borrowing base facility to support ongoing operations and provide working capital for its oil refinery in Ingolstadt, Germany. The 1-year revolving facility launched at €400 million and was significantly oversubscribed, reflecting a…
Gunvor singapore closes asian rcf oversubscribed at more than us $1.1 billion
Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US $1,135 million Syndicated Revolving Credit Facilities (the “Facilities”), which will support new activities and existing operations in the Asia…
Gunvor closes us $340 mil. Facility to support growth in americas
Gunvor Group has successfully refinanced a US $340 million borrowing base facility, increasing the amount from US $300 million. CA Indosuez (Switzerland) SA and Natixis served as Arrangers for the facility, and Natixis acted as Agent. Citibank, a new participant,…
Gunvor closes oversubscribed us $1.67 billion revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US$ 1.67 billion Revolving Credit Facility (the “Facility”) in favour of Gunvor International B.V. and Gunvor SA (the “Borrowers”), representing a 30% increase in the total available facilities. The Facility…
Gunvor closes us $725 million borrowing base to support ara refining operations
Gunvor SA and Gunvor Belgium N.V., both subsidiaries of Gunvor Group, have closed a US $725 million borrowing base facility (“Facility”), which will provide working capital for Gunvor’s refining activities in the Amsterdam-Rotterdam-Antwerp (ARA) region. The Facility was launched at…
Gunvor secures us $500 million facility to support new activities in united states
Gunvor USA LLC is pleased to announce the successful syndication of a US $500 million Borrowing Base Credit Facility, which will support the company’s newly established operations in the United States. Gunvor USA LLC has opened an office in Houston,…
Statement Correcting Inaccurate Ownership Claims
Recent reports concerning Gunvor’s ownership contain unchecked falsehoods. In 2007, for about a year, Mr. Petr Kolbin was a minority investor in Gunvor at a time when the company was looking to diversify its funding base as it grew. His…