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Gunvor Announces Launch of USD 750 Mil. Revolving Credit Facility
6 May 2010

Gunvor International B.V. (“Gunvor International” or the “Company”) is pleased to announce the launch of a USD 750,000,000 Revolving Credit Facility (the “Facility”) in favour of Gunvor International and Gunvor Singapore Pte Ltd (“Gunvor Singapore”).

BNP Paribas, Crédit Agricole Corporate and Investment Bank, Credit Suisse AG, Fortis Bank (Nederland) N.V., ING Bank, Natixis, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as “Rabobank International”) and Société Générale Corporate & Investment Banking (together the “Bookrunning Mandated Lead Arrangers”) have been mandated to arrange the Facility.

This Facility will be used for general corporate purposes and to refinance the Company’s existing US$600,000,000 364-day revolving credit facility dated 30th June 2009. The Facility will consist of 2 tranches split as follows:

  • Tranche A: 364-day revolving credit facility available to Gunvor International
  • Tranche B: 364-day revolving credit facility available to Gunvor Singapore and guaranteed by Gunvor International.