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GUNVOR CLOSES US $340 MIL. FACILITY TO SUPPORT GROWTH IN AMERICAS
24 May 2017

Gunvor Group has successfully refinanced a US $340 million borrowing base facility, increasing the amount from US $300 million. CA Indosuez (Switzerland) SA and Natixis served as Arrangers for the facility, and Natixis acted as Agent. Citibank, a new participant, joined with the accordion feature. The borrowing base is a 1-year revolving facility that will ensure working capital for Gunvor’s crude oil activities around the Petroterminal de Panama (PTP) pipeline and storage. Gunvor continues to focus on growth and investments in Central and South America, supported by offices in Colombia, Argentina and the Bahamas.