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Gunvor Launches USD 1.2 Bil. Revolving Credit Facility
30 October 2013

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:

  • Tranche A: 364-day revolving credit facility available to Gunvor International B.V. and Gunvor SA
  • Tranche B: 3-year revolving credit facility available to Gunvor International B.V. and Gunvor SA

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

Lead Arranger
Total Commitment: USD 30 mil. (3-year commitment optional)

Arranger
Total Commitment: USD 15 mil. (3-year commitment optional)

A bank meeting will take place in Geneva on 29 October 2013.