Gunvor Group Ltd (“Gunvor” or the “Group”) is pleased to announce the launch of a USD 1.2 billion revolving credit facility (the “Facility”) in favor of Gunvor International B.V. and Gunvor SA (the “Borrowers”). The launch is a part of Gunvor’s successful strategy to both grow and diversify its financing sources to support new investments and existing operations.
ABN AMRO Bank N.V. (“ABN AMRO”), Crédit Agricole Corporate and Investment Bank (“Crédit Agricole CIB”), Credit Suisse AG, ING Bank N.V. (“ING”), Natixis, Rabobank International (“Rabobank”), The Royal Bank of Scotland plc. (“RBS”) and Société Générale Corporate & Investment Banking (together the “Bookrunning Mandated Lead Arrangers”) have been mandated to arrange the Facility. ABN AMRO, Crédit Agricole CIB, ING Bank, Natixis, Rabobank and Société Générale Corporate & Investment Banking will act as Active Bookrunners and Credit Suisse as Agent.
The Facility consists of two tranches:
The following tickets are on offer:
Senior Mandated Lead Arranger
Total Commitment: USD 70 mil., of which USD 10 mil. or more is mandatory for 3-year commitment
Mandated Lead Arranger
Total Commitment: USD 50 mil., of which USD 5 mil. or more is mandatory for 3-year commitment
Total Commitment: USD 30 mil. (3-year commitment optional)
Total Commitment: USD 15 mil. (3-year commitment optional)
A bank meeting will take place in Geneva on 29 October 2013.