Category Gunvor Group

Gunvor closes innovative us $745 million facility linked to sustainability targets

Related savings will go to support new Gunvor Foundation Gunvor Group (“Gunvor”) has closed an innovative US $745 million secured borrowing base facility (“Facility”) that includes performance commitments related to Gunvor’s sustainability targets. Gunvor is the first energy commodities trading…

Gunvor forms new ship holding jv clearocean tankers

ClearOcean Tankers has ordered 6 eco-friendly, scrubber-ready tankers Gunvor Group, one of the largest physical energy trading companies in the world, has entered into a joint venture with Oceangold Tankers and Maas Capital to form ClearOcean Tankers, a new ship…

Gunvor joins eiti transparency initiative

Gunvor Group, one of the largest physical commodities trading companies in the world, announces its support of the Extractive Industries Transparency Initiative (EITI), the global standard for improving transparency of revenues from natural resources. “Gunvor’s support for the EITI reflects…

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…