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GENEVA | 16 SEPTEMBER 2013 Gunvor Group (“Gunvor” or the “Company”) announces the closing of a USD 675 Million Long-Term Secured Facility (the “Facility”) to finance the Company’s flagship investment, its Ust Luga Oil Products Terminal in the Russian Federation (the “Terminal”). “We are very pleased with the outcome of the Facility, which is non-recourse
GENEVA | 16 SEPTEMBER 2013 Gunvor Group (“Gunvor” or the “Company”) announces the closing of a USD 675 Million Long-Term Secured Facility (the “Facility”) to finance the Company’s flagship investment, its Ust Luga Oil Products Terminal in the Russian Federation (the “Terminal”). “We are very pleased with the outcome of the Facility, which is non-recourse
DUBAI | 1 AUGUST 2013 Gunvor Group, here comprising Gunvor S.A, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has signed USD 400 mil. secured uncommitted borrowing base facilities (the “Facilities”). The Facilities available to the Borrowers, launched at USD 300 mil. and were significantly oversubscribed, enabling an increase
DUBAI | 1 AUGUST 2013 Gunvor Group, here comprising Gunvor S.A, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has signed USD 400 mil. secured uncommitted borrowing base facilities (the “Facilities”). The Facilities available to the Borrowers, launched at USD 300 mil. and were significantly oversubscribed, enabling an increase
MUNICH | 1 AUGUST 2013 Locally-sourced borrowing base supports operations at German refinery Gunvor Group has signed a new, locally-sourced USD 500 million borrowing base revolving credit facility (the “Facility”) to finance the working capital needs of the company’s refinery in Ingolstadt, Germany. UniCredit Bank AG and Deutsche Bank AG led the facility as Bookrunning
MUNICH | 1 AUGUST 2013 Locally-sourced borrowing base supports operations at German refinery Gunvor Group has signed a new, locally-sourced USD 500 million borrowing base revolving credit facility (the “Facility”) to finance the working capital needs of the company’s refinery in Ingolstadt, Germany. UniCredit Bank AG and Deutsche Bank AG led the facility as Bookrunning
GENEVA| 29 JULY 2013 Gunvor Group and GE Capital have launched a EUR 225 mil. factoring program for Gunvor’s receivables portfolio to finance part of Gunvor’s German refining business. The deal is a part of Gunvor’s broader strategy to diversify its financing base while reducing liquidity risk throughout its businesses. “By freeing up trade finance
GENEVA| 29 JULY 2013 Gunvor Group and GE Capital have launched a EUR 225 mil. factoring program for Gunvor’s receivables portfolio to finance part of Gunvor’s German refining business. The deal is a part of Gunvor’s broader strategy to diversify its financing base while reducing liquidity risk throughout its businesses. “By freeing up trade finance