Gunvor Secures US$1.366 Billion Syndicated Revolving Credit Facility With Oversubscription

GENEVA (7 November 2025) – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $2.395 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA.

The Facility consists of two tranches, available to Gunvor International B.V. and Gunvor SA:

Tranche A: US $1.885 billion 364-day Revolving Credit Facility with three 364-day extension options
Tranche B: US $510 million 3-year Revolving Credit Facility with one 364-day extension option

Thanks to strong support from existing and new banking partners the Facility ended up upsized this year again, with additional liquidity successfully raised in both tranches.

The RCF will be used for general corporate purposes, including the refinancing of the existing US $1,775,000,000 364-day tranche of the 2024 European Revolving Credit Facilities Agreement, and the US $350,000,000 3-year tranche of the 2023 European Revolving Credit Facilities Agreement.

The Facility has a US $400 million Accordion Option and complements the existing US $490 million 3-year tranche of the 2024 European Revolving Credit Facilities Agreement.

The Facility continues to come with a comprehensive set of ESG-linked KPIs: reduction of Scope 1 and 2 Greenhouse Gas (GHG) emissions; reduction of Scope 3 GHG emissions to improve the energy efficiency of the shipping fleet; the investment in renewable and carbon reduction projects; and the assessment of the Group’s assets, JVs, and suppliers against Human Rights principles. Each KPI is annually tested and externally verified.

"We are very pleased with the outcome of this refinancing with an increased facility amount – including in the longer tenor – and several new banks joining the pool. We thank our banking pool for their continued support in this flagship European financing facility for our Group,” said Jeff Webster, Chief Financial Officer of Gunvor Group.

Abu Dhabi Commercial Bank PJSC, Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, Emirates NBD Bank (P.J.S.C), London Branch, ING Bank N.V., Amsterdam, Lancy / Geneva Branch, Natixis CIB, Qatar National Bank (Q.P.S.C.) Paris Branch, SMBC Bank International plc, Société Générale, UBS Switzerland AG, and UniCredit Bank GmbH are Bookrunning Mandated Lead Arrangers. Credit Agricole Corporate & Investment Bank, ING Bank N.V., Natixis CIB, SMBC Bank International plc, Société Générale were mandated to arrange the Facility and acted as Active Bookrunners while UBS Switzerland AG is Facility and Swingline Agent. Natixis CIB acted as Sustainability Coordinator for the Facility.

Banco Bilbao Vizcaya Argentaria S.A., Niederlassung Deutschland, DBS Bank Ltd, London Branch and First Abu Dhabi Bank PJSC are Senior Mandated Lead Arrangers.

Citibank N.A., Jersey Branch, KfW IPEX-Bank GmbH and Mizuho Bank, Ltd. are Mandated Lead Arrangers.

Bank of China Limited, London Branch, China Construction Bank Corporation, Beijing, Swiss Branch Zurich, Commerzbank London Branch AG, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG, Industrial and Commercial Bank of China Limited, London Branch, Lloyds Bank plc, OTP Bank plc., and Sumitomo Mitsui Trust Bank, Limited (London Branch), The Standard Bank of South Africa Limited, Isle of Man Branch are Lead Arrangers.

ABC International Bank Plc, Arab Bank (Switzerland) Ltd, Banco BPM S.p.A, Banque Internationale de Commerce -BRED (Suisse) SA, Banque de Commerce et de Placements SA, CaixaBank S.A., China CITIC Bank Corporation Limited London Branch, Deutsche Bank Luxembourg SA, Europe Arab Bank SA, GarantiBank International N.V, Habib Bank AG Zurich, Mashreqbank PSC, Nedbank Limited, London Branch, Raiffeisen Bank International AG, and Union de Banques Arabes et Françaises – UBAF are Arrangers.

About Gunvor Group
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals, and bulk materials from where they are sourced and stored to where they are demanded most. Gunvor has strategic investments in industrial infrastructure—downstream, refineries, pipelines, storage, and terminals—that complement core trading activities and generate sustainable value across the global supply chain for its customers. For more information, visit www.gunvorgroup.com

SINGAPORE -- AMIGO LNG S.A. de C.V. ("AMIGO LNG"), the Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, today announced the signing of a definitive Long-Term Sale and Purchase Agreement (SPA) with Gunvor Singapore Pte Ltd ("Gunvor"), one of the world's leading independent commodity trading houses.

Under the agreement, Gunvor will purchase 0.85 million tonnes per annum (MTPA) of LNG for 20 years, with deliveries commencing upon the start of commercial operations of AMIGO LNG's first liquefaction train, scheduled for latter half of 2028.

This long-term commitment marks a major milestone for AMIGO LNG, reinforcing its position as Mexico's first large-scale LNG export terminal on the west coast of Americas. The Guaymas-based facility will leverage its strategic location and proximity to the prolific U.S. Permian Basin to deliver competitive LNG supplies to customers in Asia and Latin America.

"Gunvor is committed to securing long-term LNG supplies to meet the evolving energy needs of our customers worldwide. Partnering with AMIGO LNG aligns with our strategy of diversifying supply sources and supporting the global transition toward cleaner energy," said Kalpesh Patel, Co-Head of LNG Trading of Gunvor.

"We are delighted to welcome Gunvor as one of our key foundation offtakers. This agreement underscores the confidence global energy players place in AMIGO LNG's ability to deliver reliable, flexible, and competitive LNG to international markets," said Dr. Muthu Chezhian, CEO of LNG Alliance.

In addition to strengthening global LNG supply chains, the AMIGO LNG project serves as a bridge for U.S.–Mexico energy trade by monetizing U.S. natural gas exports through Mexico's west coast. This enhances cross-border energy integration, creates bilateral economic value, and reinforces the role of U.S. and Mexico as strategic partners in delivering secure and affordable energy to the world.

About LNG Alliance
LNG Alliance (est. 2013), an affiliate of Texas-based Epcilon LNG LLC, is powering the future with cutting-edge gas and LNG terminal infrastructure across the USA, Mexico, Southeast Asia, and Europe. Backed by strategic partnerships with top-tier energy and technology leaders from the USA, Middle East, and Europe; LNG Alliance delivers reliable, transition and sustainable energy with global reach and local impact.

About Gunvor Group
Gunvor Group is one of the world's leading independent commodities trading companies, with a global presence in trading, shipping, refining, and investments across energy transition projects. Gunvor is a major player in the global LNG market, with a portfolio of long-term offtake, supply, and shipping arrangements.

SINGAPORE (7 July 2025) – Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Group”), has closed a US$1.285 billion sustainability-linked, syndicated revolving credit facility (“RCF” or “Facility”) on 13 June 2025.

The Facility, which was launched initially at US$800 million in April 2025, received strong support from Gunvor’s banking partners and attracted new banks, bringing together a total of 28 banks to close significantly oversubscribed by over 60% at general syndication. The Borrower has further upsized the Facility by US$50 million via an accordion feature, which was structured to accommodate two banks that joined the Facility after signing. This brings the total Facility amount to US$1.335 billion as of 7 July 2025, an increase from the previous year.

The 364-day Facility, which is guaranteed by the Company and includes two 12-month extension options, will be used for general corporate and working capital purposes, including the refinancing of the Borrower’s existing US$1.32 billion 2024 Asia Sustainability-linked Revolving Credit Facility.

Similar to previous financings, the Facility includes four sustainability Key Performance Indicators (KPIs) supporting the Group’s strong commitment to improve the environmental and social impacts of its trading operations and to invest in sustainable commodities and businesses. The KPIs relate to the reduction of Scope 1 and 2 Greenhouse Gas (GHG) emissions; reduction of Scope 3 GHG emissions associated with the improvement of energy efficiency of the chartered shipping fleets; the investment in non-hydrocarbon projects; and the assessment of the Group's assets, JVs and critical suppliers against Human Rights principles. Each KPI is tested annually and verified externally in line with LMA Sustainability-Linked Loan Principles.

“We are very satisfied with the result of our Asian RCF renewal. This achievement is attributed to the strong relationships we maintain with our long-standing banking partners. Additionally, we are pleased to welcome several new lendersthis year”, said Jean Rohr, Gunvor’s Regional CFO for Asia-Pacific.

Abu Dhabi Commercial Bank PJSC, China CITIC Bank International Limited, DBS Bank Ltd., MUFG Bank, Ltd. and Oversea-Chinese Banking Corporation Limited were mandated to arrange the Facility and acted as the Active Bookrunning Mandated Lead Arrangers for the Facility. Agricultural Bank of China Limited, Singapore Branch, Emirates NBD Bank (P.J.S.C), Singapore Branch, First Abu Dhabi Bank PJSC, Natixis, Singapore Branch and State Bank of India, Singapore Branch remain as the Bookrunning Mandated Lead Arrangers. DBS Bank Ltd. also acted as syndication coordination agent and sustainability coordinator of the Facility, while Natixis, Singapore Branch also acted as Facility Agent, legal and documentation agent.

Bank of China Limited, Singapore Branch, China Construction Bank Corporation Singapore Branch, Coöperatieve Rabobank U.A., Singapore Branch, Crédit Agricole Corporate and Investment Bank, Singapore Branch, ING Bank N.V., Singapore Branch, Krung Thai Bank Public Company Limited, Singapore Branch, UBS AG, Singapore Restricted Branch, and Westpac Banking Corporation, Singapore Branch are Mandated Lead Arrangers.

China CITIC Bank Corporation Limited, Shanghai Branch, Mizuho Bank, Ltd., SOCIÉTÉ GÉNÉRALE, a public limited company incorporated in France, acting through its Hong Kong branch, and United Overseas Bank Limited are Lead Arrangers.

Commerzbank Aktiengesellschaft, Singapore Branch, Habib Bank Limited, Singapore Branch, National Bank of Fujairah PJSC, Sumitomo Mitsui Banking Corporation Singapore Branch, and Sumitomo Mitsui Trust Bank, Limited Singapore Branch remain as Arrangers. Furthermore, Arab Bank plc, Bank of Communications Co., Ltd., Singapore Branch and China Merchants Bank Co., Limited, Singapore Branch joined as new Arrangers.

About Gunvor Group
Gunvor Group is one of the world's largest independent commodities trading houses by trading volume, creating logistics solutions that safely and efficiently move physical energy from where it is sourced to where it is demanded most. With strategic investments in industrial infrastructure (refineries, pipelines, storage and terminals), Gunvor further generates sustainable value across the global supply chain for its customers. Gunvor trades in more than 100 countries with three main trading hubs in Geneva, Singapore and Houston, along with other trading offices in Stamford, Dubai, London and Shanghai, supported by a network of more than 20 representative and other trading offices around the globe.

The Facility consists of two tranches, available to Gunvor International B.V. and Gunvor SA:

Tranche A: US $1.775 billion 364-day Revolving Credit Facility with three 364-day extension options
Tranche B: US $490 million 3-year Revolving Credit Facility with one 364-day extension option

Thanks to strong support from existing and new banking partners, the Facility ended up substantially upsized versus last year. Additional liquidity was successfully raised in both tranches.

The RCF will be used for general corporate purposes, including the refinancing of the existing US $1,535,000,000 364-day tranche of the 2023 European Revolving Credit Facilities Agreement, and the US $280,000,000 3-year tranche of the 2022 European Revolving Credit Facilities Agreement.

The Facility has a US $400 million Accordion Option and complements the existing US $350 million 3-year tranche of the 2023 European Revolving Credit Facilities Agreement.

The Facility continues to come with a comprehensive set of ESG-linked KPIs: reduction of Scope 1 and 2 Greenhouse Gas (GHG) emissions; reduction of Scope 3 GHG emissions to improve the energy efficiency of the shipping fleet; the investment in non-fossil fuel projects; and the assessment of the Group’s assets, JVs, and suppliers against Human Rights principles. Each KPI is annually tested and externally verified.

"We are pleased to see growing support from our financing partners and to onboard new lenders in the Group’s flagship facility. The increase in commitments demonstrates the strong relationship the Company has with its banking group and its support of our growth strategy,” said Jeff Webster, Chief Financial Officer of Gunvor Group.

Arab Petroleum Investments Corporation (APICORP), Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, Emirates NBD Bank (P.J.S.C), London Branch, ING Bank N.V., Amsterdam, Lancy / Geneva Branch, Mizuho Bank, Ltd., Natixis CIB, Qatar National Bank (Q.P.S.C.) Paris Branch, SMBC Bank International plc, Société Générale, UBS Switzerland AG and UniCredit Bank GmbH (together the “Bookrunning Mandated Lead Arrangers”) were mandated to arrange the Facility. Coöperatieve Rabobank U.A., Credit Agricole Corporate & Investment Bank, ING Bank N.V., Natixis CIB, SMBC Bank International plc, Société Générale and UniCredit Bank GmbH acted as Active Bookrunners while UBS Switzerland AG is Facility and Swingline Agent. Credit Agricole Corporate & Investment Bank and SMBC Bank International plc acted as Joint Sustainability Coordinators of the Facility.

First Abu Dhabi Bank PJSC joined as new Senior Mandated Lead Arranger.

Citibank N.A., Jersey Branch, Erste Group Bank AG and KfW IPEX-Bank GmbH are Mandated Lead Arrangers.

Banco BPM S.p.A, Bank of China Limited London Branch, China Construction Bank Corporation, Beijing, Swiss Branch Zurich, DBS Bank Ltd., London Branch, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Industrial and Commercial Bank of China Limited, London Branch, OTP Bank plc. and Sumitomo Mitsui Trust Bank, Limited (London Branch) are Lead Arrangers. National Bank of Ras Al-Khaimah and Nedbank joined as new Lead Arrangers.

ABC International Bank Plc, AfrAsia Bank Limited, Arab Bank (Switzerland) Ltd, Banque de Commerce et de Placements SA, CaixaBank S.A., China CITIC Bank Corporation Limited, London Branch, Commerzbank AG, London Branch, Europe Arab Bank SA, First Commercial Bank London Branch, GarantiBank International N.V, Habib Bank AG Zurich, Mashreqbank psc, Raiffeisen Bank International AG and Union de Banques Arabes et Francaises – UBAF are Arrangers. Lloyds Bank plc joined as new Arranger.

About Gunvor Group
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover creating logistics solutions that safely and efficiently move physical energy, bulk materials and base metals from where they are sourced and stored to where they are demanded most. Gunvor, which generated turnover of US $127 billion on volumes of 177 million MT in 2023. The Group’s main trading offices are in Geneva, Singapore, Houston, Stamford, Calgary, London, Shanghai and Dubai, supported by a network of more than 20 representative and other trading offices around the globe. For more information, visit www.gunvorgroup.com

Includes a US $1.75 billion one-year tranche, US $584 million two-year tranche and a US $500 million accordion feature
Rabobank acted as lead arranger on the transaction along with Societe Generale, ING Capital and MUFG Bank

HOUSTON – Gunvor USA LLC, an indirect wholly-owned subsidiary of Gunvor Group Ltd, has successfully closed the syndication of its US $2.34 billion uncommitted borrowing base credit facility. The facility, which benefited from strong oversubscription, includes a US $1.75 billion one-year tranche and a US $584 million two-year tranche, as well as a US $500 million accordion feature to support future growth.

The proceeds of the facility will refinance Gunvor USA’s existing US $1.94 billion borrowing base facility, which was initially launched in October 2023 and later increased through an accordion feature in May 2024. The purpose of the upsized facility is to provide continued working capital financing for the company’s merchant activities and fund general corporate purposes.

“Gunvor USA’s successful capital raise reflects the continued confidence of our banking partners in the U.S. business and Gunvor Group globally,” said David Garza, managing director of Gunvor USA. “Our business model has proven to be resilient during times of market stress. That success, combined with bank market support, affords us the ability to focus on strategic growth opportunities across North America.”

Thomas Smith, regional CFO for the Americas, commented: “We take pride in strong global collaboration across Gunvor. Our 21 financing partners—including four new lenders this year—have shown robust support for our company’s strategy and positive outlook.”

The facility is led by Rabobank, which serves as administrative agent, mandated lead arranger, active bookrunner, coordinator and left lead. Societe Generale, ING Capital and MUFG Bank also acted as mandated lead arrangers, the foremost holding responsibility as active bookrunner, while the latter both contribute as passive bookrunners.

Citibank N.A., Credit Agricole Corporate and Investment Bank, Natixis, New York Branch, and Sumitomo Mitsui Banking Corporation each serve as joint lead arrangers and share co-syndication agent duties.

Bank of China, New York Branch and First Abu Dhabi Bank USA N.V. join the facility as new co-documentation agents together with Deutsche Bank AG New York Branch, Industrial and Commercial Bank of China Limited, New York Branch, Mizuho Bank Ltd. and UBS Switzerland AG all acting in the same capacity.

Zukerman Gore Brandeis & Crossman, LLP serves as counsel to the administrative agent. McGuireWoods LLP serves as counsel to the borrower.

About Gunvor Group
Gunvor Group Ltd is one of the world’s largest independent commodities trading houses by turnover creating logistics solutions that safely and efficiently move physical energy, bulk materials and base metals from where they are sourced and stored to where they are demanded most. Gunvor Group, which generated turnover of US $127 billion on volumes of 177 million MT in 2023, has committed to cut Scope 1 and 2 emissions by 40% by 2025. The Group’s main trading offices are in Geneva, Singapore, Houston, Stamford, Calgary, London, Shanghai and Dubai, supported by a network of more than 20 representative and other trading offices around the globe. For more information, visit www.gunvorgroup.com.

SINGAPORE – Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Group”), has closed a US $1.2 billion sustainability-linked, syndicated revolving credit facility (“RCF” or “Facility”) on 14 June 2024.

The Facility, which was launched initially at US $750 million in April 2024, benefited from strong support from Gunvor’s banking partners and attracted new banks, and closed significantly oversubscribed by over 60%, increasing the total facility amount from the previous year. The Borrower has further upsized the Facility by US $120 million via an accordion feature, which was structured to accommodate two banks that joined the Facility after signing, bringing the total Facility amount to US$1.32 billion as of 12 July 2024.

The 364-day Facility, which is guaranteed by the Company and includes two 12-month extension options, will be used for general corporate and working capital purposes, including the refinancing of the Borrower’s existing US$ 1.035 billion 2023 Asia Sustainability-linked Revolving Credit Facility.

Similar to previous financings, the Facility includes four sustainability Key Performance Indicators (KPIs) supporting the Group’s strong commitment to improve the environmental impact of its trading operations and to invest in sustainable commodities and businesses. The KPIs relate to the reduction of Scope 1 and 2 Greenhouse Gas (GHG) emissions; reduction of Scope 3 GHG emissions associated with the improvement of energy efficiency of the shipping fleet; the investment in non-fossil fuel projects; and the assessment of the Group's assets, JVs and suppliers against Human Rights principles. Each KPI is tested annually and verified externally in line with LMA SLL principles.

"The successful renewal of our Asian RCF is the result of the deep collaboration between Gunvor and its banking partners. The strong relationship we have with our core financing partners, enhanced by the welcome addition of several new lenders into our upsized anchor facility, demonstrates their support for the Group’s strong performance and positive outlook," said Jean Rohr, Gunvor’s Regional CFO for Asia-Pacific.

Abu Dhabi Commercial Bank PJSC, China CITIC Bank International Limited, DBS Bank Ltd., MUFG Bank, Ltd. and Oversea-Chinese Banking Corporation Limited were mandated to arrange the Facility and acted as the Active Bookrunning Mandated Lead Arrangers for the Facility. Agricultural Bank of China Limited, Singapore Branch, Arab Petroleum Investments Corporation, Emirates NBD Bank (P.J.S.C), Singapore Branch, First Abu Dhabi Bank PJSC – Singapore Branch, Natixis, Singapore Branch and State Bank of India, Singapore Branch remain as the Bookrunning Mandated Lead Arrangers. Indian Bank and Union Bank of India, DIFC Branch, Dubai joined as new Bookrunning Mandated Lead Arrangers. DBS Bank Ltd. also acted as syndication coordination agent, while Natixis, Singapore Branch also acted as Facility Agent, legal and documentation agent and sustainability coordinator of the Facility.

Coöperatieve Rabobank U.A., Singapore Branch, UBS AG, Crédit Agricole Corporate and Investment Bank, Singapore Branch, and ING Bank N.V., Singapore Branch are Senior Mandated Lead Arrangers.

China CITIC Bank Corporation Limited, Shanghai Branch joined as a new Mandated Lead Arranger, while Mizuho Bank, Ltd, Société Générale, a public limited company incorporated in France, acting through its Hong Kong branch, and United Overseas Bank Limited are Mandated Lead Arrangers.

Furthermore, Westpac Banking Corporation, Singapore Branch, Bank of China Limited, Singapore Branch and China Construction Bank Corporation Singapore Branch all joined as new Lead Arrangers, whereas Commerzbank Aktiengesellschaft, Singapore Branch, Habib Bank Limited, Singapore Branch, Krung Thai Bank Public Company Limited, Singapore Branch, and Sumitomo Mitsui Banking Corporation Singapore Branch are the Lead Arrangers.

Sumitomo Mitsui Trust Bank, Limited Singapore Branch, Banque Internationale de Commerce - BRED (Suisse) SA, and National Bank of Fujairah PJSC remain as Arrangers.

About Gunvor Group
Gunvor Group is one of the world's largest independent commodities trading houses by trading volume, creating logistics solutions that safely and efficiently move physical energy from where it is sourced to where it is demanded most. With strategic investments in industrial infrastructure (refineries, pipelines, storage and terminals), Gunvor further generates sustainable value across the global supply chain for its customers. The Group's 3 main trading hubs are in Geneva, Singapore and Houston, with other trading offices in Stamford, Dubai, London and Shanghai, supported by a network of more than 20 representative and other trading offices around the globe.

GENEVA – Gunvor Group, a leading global physical energy trading company, has closed a EUR 400 million, 5-year term loan (the “Facility”) guaranteed by SACE, the Italian Export Credit Agency (“ECA”) with UniCredit acting as Global Coordinator. The goal of the Facility is to support Italian industry by securing natural gas and liquefied natural gas (LNG) supplies while promoting the export of Italy’s goods and services. Gunvor is a leading global trader of LNG, and one of the largest physical natural gas traders in Europe.

“Gunvor is pleased to support SACE’s push strategy by helping secure energy supplies to the country and having the opportunity to further grow the business with Italian customers and suppliers,” said Jeff Webster, Gunvor Group Chief Financial Officer.

"In times of unprecedented complexity, the need for innovative business support mechanisms becomes crucial. We take pride in this operation, which, as part of our Push Strategy, aids Italian companies in exploring new markets while facilitating access to relevant energy supplies," stated Ciro Aquino Regional Manager Middle East – Head of Dubai Office SACE. The support of strategic imports represents a new and timely initiative by SACE, aligned with the objectives of the INSIEME 2025 Industrial Plan. Its goal is to improve the resilience of the national economic landscape, relaunch the competitiveness of companies in global markets, and consolidate growth within domestic markets.

“UniCredit is proud to arrange and coordinate this Facility, which marks a significant step in bolstering gas security across Europe. Its role as a novel facility type for commodity traders underscores our commitment to ensuring reliable energy supplies while innovating trade finance strategies in an ever-evolving energy landscape,” said Stefan Koller, Global Head of Asset Based Financing at UniCredit.

UniCredit Bank AG acted as Global Coordinator, Bookrunner, Documentation Agent and is the Facility Agent. Crédit Agricole Corporate And Investment Bank, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt Am Main, ING Bank N.V. and Unicredit Bank AG act as Mandated Lead Arrangers and Erste Group Bank AG acts as Lead Arranger for the Facility.

Clifford Chance, as Legal Counsel to SACE and UniCredit, contributed to finalising the transaction.

About Gunvor Group
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage and terminals —Gunvor further generates sustainable value across the global supply chain for its customers. In 2022, Gunvor Group generated US $150 billion in revenue on 165 million metric tons of turnover. The Group’s main trading offices are in Geneva, Singapore, Houston, Stamford, Calgary, Dubai, and London, with a network of more than 20 representative and other trading offices around the globe. More information can be found at GunvorGroup.com or @Gunvor.

The Facility received strong support from Gunvor’s banking partners and attracted new banks, increasing the total amount of the facility from the previous year.

The RCF will be used for general corporate purposes, including the refinancing of the existing US $1,395,000,000 364-day tranche of the 2022 European Revolving Credit Facilities Agreement, dated 10 November 2022, and the US $290,000,000 3-year tranche of the 2021 European Revolving Credit Facilities Agreement dated 10 November 2021.

The Facility consists of two tranches, available to Gunvor International B.V. and Gunvor SA:

Tranche A: US $1.535 billion 364-day Revolving Credit Facility with three 364-day extension options
Tranche B: US $350 million 3-year Revolving Credit Facility with one 364-day extension option

The Facility has a US $400 million Accordion Option and complements the existing US $280 million 3-year tranche of the 2022 European Revolving Credit Facilities Agreement.

Similar to last year’s Revolving Credit Facilities Agreement, the Facility includes four KPIs supporting the Group’s strong commitment to improve the environmental impact of its trading operations and to invest in sustainable commodities and businesses. The KPIs relate to the reduction of Scope 1 and 2 Greenhouse Gas (GHG) emissions; reduction of Scope 3 GHG emissions associated with the improvement of energy efficiency of the shipping fleet; the investment in non-fossil fuel projects; and the assessment of the Group’s assets, JVs, and suppliers against Human Rights principles. Each KPI is annually tested and externally verified in line with LMA SLL principles.

"Gunvor is delighted with the continuous support we have received from our financing partners. The growing capacity of the facility along with the new lenders demonstrate the strong relationship the company has with its core banking group,” said Jeff Webster, Chief Financial Officer of Gunvor Group.

Arab Petroleum Investments Corporation (Apicorp), Coöperatieve Rabobank U.A., Credit Agricole Corporate and Investment Bank, Credit Suisse (Switzerland) Ltd., ING Bank N.V., Natixis CIB, SMBC Bank International Plc, Société Générale, UBS Switzerland AG and UniCredit Bank AG (together the “Bookrunning Mandated Lead Arrangers”) were mandated to arrange the Facility. Coöperatieve Rabobank U.A., Credit Agricole Corporate and Investment Bank, ING Bank N.V., Natixis CIB, SMBC Bank International Plc, Société Générale and UniCredit Bank AG acted as Active Bookrunners while Credit Suisse (Switzerland) Ltd is Facility and Swingline Agent. Natixis CIB and Société Générale acted as Joint Sustainability Coordinators of the Facility.

China Construction Bank Corporation, Beijing, Swiss Branch Zurich, Citibank N.A., Jersey Branch, Emirates NBD PJSC, Industrial and Commercial Bank of China Limited, London Branch and Mizuho Bank are Senior Mandated Lead Arrangers. Qatar National Bank (Q.P.S.C.) Paris Branch joined as a new Senior Mandated Lead Arranger.

DZ Bank AG and Erste Group Bank AG are Mandated Lead Arrangers.

KfW Ipex-Bank Limited and Sumitomo Mitsui Trust Bank, Limited (London Branch) are Lead Arrangers. China CITIC Bank Corporation Limited, London Branch joined as a new Lead Arranger.

ABC International Bank Plc, Afrasia Bank Limited, Arab Bank (Switzerland) Ltd, Banco BPM S.p.A, Banque de Commerce et de Placements, Bank of China Ltd, London Branch, Commerzbank Aktiengesellschaft, London Branch, Europe Arab Bank, GarantiBank International N.V., Habib Bank AG, Mashreqbank, Raiffeisen Bank International AG and Union de Banques Arabes et Françaises are Arrangers. CaixaBank S.A., DBS Bank Ltd., London Branch, First Commercial Bank London Branch and OTP Bank Plc. joined as a new Arrangers.

About Gunvor Group
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage and terminals —Gunvor further generates sustainable value across the global supply chain for its customers. In 2022, Gunvor Group generated US $150 billion in revenue on 165 million metric tons of turnover. The Group’s main trading offices are in Geneva, Singapore, Houston, Stamford, Calgary, Dubai, and London, with a network of more than 20 representative and other trading offices around the globe. More information can be found at GunvorGroup.com or @Gunvor.

Finance

Gunvor secures US $2.395 billion sustainability-linked, multi-currency revolving credit facility

GENEVA (7 November 2025) – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $2.395 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility consists of two tranches, available to Gunvor International B.V. and Gunvor SA: Thanks to strong support from existing […]

Finance

AMIGO LNG Signs 20-Year LNG SPA with GUNVOR to Deliver Reliable, Competitive Energy to Global Markets

SINGAPORE — AMIGO LNG S.A. de C.V. (“AMIGO LNG”), the Mexican joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance, today announced the signing of a definitive Long-Term Sale and Purchase Agreement (SPA) with Gunvor Singapore Pte Ltd (“Gunvor”), one of the world’s leading independent commodity trading houses. Under the agreement, Gunvor will […]

Finance

Gabon National Oil Company successfully closes Tullow Oil Gabon asset acquisition

LIBREVILLE – Gabon National Oil Company (GOC) is pleased to announce the successful completion of the acquisition of 100% of the shares in Tullow’s subsidiary, Tullow Oil Gabon S.A, for a total cash consideration of USD 307 million of net tax and customary adjustments. Tullow Oil Gabon S.A. holds all of Tullow’s non-operated working interests […]

Finance

Gunvor secures US $1.335 billion sustainability-linked syndicated RCF with oversubscription

Finance

Gunvor secures US $2.265 billion sustainability-linked, multi-currency revolving credit facility

GENEVA – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $2.265 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility consists of two tranches, available to Gunvor International B.V. and Gunvor SA: Thanks to strong support from existing and new banking […]

Finance

Gunvor USA upsizes Credit Facility to US $2.3 billion

Finance

Gunvor secures US $1.32 billion sustainability-linked syndicated RCF with over-subscription and accordion

Finance

Gabon National Oil Company partners with Gunvor on Assala Energy acquisition

LIBREVILLE – The Gabon National Oil Company (Gabon Oil Company), which exercised its pre-emptive rights in November 2023 and subsequently entered into a sale and purchase agreement with Carlyle in February 2024, is pleased to announce the successful completion of its acquisition of Assala Energy, an oil exploration and production company active in Gabon, whose […]

Finance

Gunvor closes new EUR 400 million facility backed by Italy’s SACE

Gunvor Group has closed a EUR 400 million, 5-year term loan guaranteed by SACE, the Italian Export Credit Agency with UniCredit acting as Global Coordinator. The goal of the Facility is to support Italian industry by securing natural gas and liquefied natural gas (LNG) supplies while promoting the export of Italy’s goods and services.

Finance RCF

Gunvor secures US $1.885 billion sustainability-linked, multi-currency revolving credit facility

GENEVA (21 November 2023) – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $1.885 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility received strong support from Gunvor’s banking partners and attracted new banks, increasing the total amount of the facility […]

News