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News

Gunvor updates this website regularly, however, all news and information is first posted to the company’s Twitter account: @Gunvor

16 November 2017

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, launched at US $1 billion, was substantially over-subscribed, drawing in US $1.81 billion, a record

16 November 2017

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, launched at US $1 billion, was substantially over-subscribed, drawing in US $1.81 billion, a record

7 November 2017

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 Canada. Gunvor USA LLC has two main offices, located in Houston (TX) and Stamford (CT),

7 November 2017

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 Canada. Gunvor USA LLC has two main offices, located in Houston (TX) and Stamford (CT),

26 October 2017

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 subsidiary of Saudi Aramco.  The sale is targeted for completion by the end of October. 

26 October 2017

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 subsidiary of Saudi Aramco.  The sale is targeted for completion by the end of October. 

27 July 2017

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 strong appetite by the market. This Euro-denominated borrowing base facility replaces an existing USD denominated

27 July 2017

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 strong appetite by the market. This Euro-denominated borrowing base facility replaces an existing USD denominated

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