Moving Energy
Efficiently
Category Gunvor Group
Gunvor closes oversubscribed us$ 1.36 billion revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US$ 1.36 billion Revolving Credit Facility (the “Facility”) in favor of Gunvor International B.V. and Gunvor SA (the “Borrowers”). The Facility will replace the maturing Tranche A (US$ 1.025 billion)…
Gunvor completes crude oil pipeline sale to gazprombank
Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company (NPC) to Gazprombank. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a crude oil tank farm owned…
Kuwait Petroleum International (KPI) and Gunvor Group (Gunvor) confirm the final stage of negotiations for the sale of the KP Europoort refinery
Kuwait Petroleum International and Gunvor Group have announced today that their respective affiliates have reached the final stage of negotiations on the sale of the KP Europoort refinery in Rotterdam, The Netherlands, subject to regulatory approval and the necessary employee consultation process. The sale would allow the refinery to continue in line with Gunvor’s integration and optimization strategies.
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.