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GUNVOR ASIAN RCF TOPS US $1 BILLION AFTER ADDITIONAL INTEREST
24 July 2015

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 the Facility.

In addition to the original 31-bank lender group, seven banks have joined the Facility by accordion, including First Gulf Bank PJSC Singapore Branch, Bank of Baroda Singapore Branch, PT Bank Mandiri (PERSERO) TBK Singapore Branch, Arab Petroleum Investments Corporation (APICORP), Banque Misr SAE Paris Branch, Bank SinoPac and Taiwan Business Bank. DBS, ING, Rabobank and SG acted as Active Bookrunners.

Proceeds of the Facility, which is guaranteed by Gunvor Group, will be used for debt repayment and to finance the general corporate and working capital requirements of the Borrower.