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GE Capital And Gunvor Launch EUR 225 Mil. Receivables Financing Program
GENEVA| 29 JULY 2013 Gunvor Group and GE Capital have launched a EUR 225 mil. factoring program for Gunvor’s receivables portfolio to finance part of Gunvor’s German refining business. The deal is a part of Gunvor’s broader strategy to diversify its financing base while reducing liquidity risk throughout its businesses. “By freeing up trade finance
Gunvor and Oiltanking to Build New Indonesian Terminal
SINGAPORE | 12 JUNE 2013 Oil products terminal in Karimun will meet continuing Asian demand growth Gunvor Group together with Oiltanking GmbH announce the construction of a greenfield terminal, Oiltanking Karimun, on the island of Karimun, Indonesia. The facility, which will have an initial petroleum storage capacity of 760,000 cbm, will meet the incremental petroleum
Gunvor Singapore Signs USD 850 Mil. Revolving Credit Facility
SINGAPORE | 6 JUNE 2013 Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group (“Gunvor”), has signed a USD 850 Mil. syndicated revolving credit facility (“RCF”). The facility, which launched at USD 650 Mil. and attracted over USD 1 Bil. in commitments, closed almost 60% oversubscribed. Its success represents continued strong interest
Gunvor Underwrites PA Resources’ Rights Issue
GENEVA | 5 JUNE 2013 Gunvor Group today affirmed its commitment to PA Resources through its support for the company’s recapitalization measures. Gunvor, along with others, will fully underwrite a rights issue of SEK 891 mil. put forth by PA Resources. PA Resources is involved in oil and gas exploration and extraction, and is listed
Gunvor Supports Growth With USD 500 mil. Inaugural Bond
GENEVA | 21 MAY 2013 Not for publication or distribution in the United States, Japan or in any other jurisdiction in which offers or sales would be prohibited by applicable law. Gunvor Group has successfully priced a USD 500 mil. bond as a part of the company’s strategy to diversify and strengthen its financial foundation
Gunvor Launches USD 300 Mil. Facility to Support Middle East Trading
DUBAI | 11 APRIL 2013 Gunvor Group, here comprising Gunvor S.A, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has launched the syndication of a USD 300 million secured uncommitted borrowing base revolving credit facilities (the “Facilities”), which will be used to finance working capital needs for the purchase
Gunvor Singapore Launches US $650 Mil. Revolving Credit Facilities
SINGAPORE | 8 APRIL 2013 Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group (“Gunvor” or the “Company”), today launched US$ 650,000,000 syndicated revolving credit facilities (the “Facilities”). The launch is part of Gunvor’s successful strategy to both grow and diversify its financing to support new investments and existing operations, which includes
Gunvor Completes Financing to Support Novorossiysk Fuel Oil Terminal
GENEVA | 22 JANUARY 2013 LLC Novorossiysk Fuel Oil Terminal (“NFT”), which is jointly owned by Gunvor Group (“Gunvor”) and PJSC Novorossiysk Commercial Sea Port (“NCSP”), has successfully closed a secured 7-year USD $110 million credit facility (the “Facility”) from ZAO Raiffeisenbank. The proceeds will refinance shareholder loans used to construct the fuel oil terminal
Gunvor Appoints New Technical Director Refineries, Hires New IBR Manager
GENEVA | 9 JANUARY 2013 Gunvor Group announces the appointment of a newly created position, Technical Director Refining, and the hiring of a new Refinery Manager for its Independent Belgium Refinery (IBR), consistent with the integration of refining into Gunvor’s operations. Marcel Mazenauer, refinery manager at Gunvor’s IBR, will move to the company’s Geneva office,
Deutsche Bank and VTB Support Gunvor’s Acquisition of Ingolstadt Refinery
GENEVA | 18 DECEMBER 2012 Gunvor Group (“Gunvor”) has mandated Deutsche Bank AG, London Branch (Bookrunner) and VTB Bank (Austria) AG as Mandated Lead Arrangers to arrange and underwrite a USD $100 million Secured Acquisition Facility (the “Facility”) to finance the acquisition of former Petroplus refinery and marketing activity in Ingolstadt, Germany. Gunvor is pleased
Gunvor Closes Oversubscribed USD $1.16 Billion Revolving Credit Facility
GENEVA | 13 DECEMBER 2012 Gunvor Group (“Gunvor Group” or the “Company”) has signed its USD $1,160,000,000 Revolving Credit Facility (the “Facility”) in favour of Gunvor International B.V. (“Gunvor International”) and Gunvor SA, (together the “Borrowers”). The Facility, oversubscribed by 45 percent, draws on an expanded pool of banks, as Gunvor continues to see new
Die Gunvor Raffinerie Ingolstadt hat seit ihrer Übernahme 1 Million Tonnen Produkte verladen
INGOLSTADT | 12 DECEMBER 2012 Die Raffinerie Ingolstadt hat nach ihrer Übernahme durch die Gunvor Group im August ihren vollen Betrieb sehr schnell wieder aufgenommen und seitdem eine Million Tonnen Mineralölprodukte zur Auslieferung an Kunden überwiegend in Süddeutschland und Oberösterreich verladen. In nur drei Monaten konnte die Gunvor Raffinerie Ingolstadt (GRI) das Angebot und den
Gunvor Closes USD $530 Million Facility to Support Activities in Americas
GENEVA | 11 DECEMBER 2012 Gunvor Group, together with Crédit Agricole and Natixis, acting as Co-Arrangers, designed a collateral-pooled facility to support its crude oil operations in the Americas. The USD $530 million facility was fully subscribed by six core banks in record time, packing in about two months. The facility will serve the storage
Gunvor Acquires Stake in TAL Pipeline
INGOLSTADT | 6 DECEMBER 2012 Affirming its long-term commitment to serving the German market, Gunvor Group (“Gunvor”) has acquired a 10 percent stake in the Transalpine Pipeline (TAL), which supplies Gunvor Raffinerie Ingolstadt (“GRI”). This acquisition will allow Gunvor to secure a long-term crude supply to GRI. The deal closed December 4. The Ingolstadt refinery,
Gunvor Awarded Rosneft Products Tender
MOSCOW | 31 OCTOBER 2012 Gunvor Group has signed a contract with JSC Rosneft, under which it will export oil products from the Samara group of refineries (Kuibyshev, Novokuibyshevsk and Syzran) through its terminals, the 100 percent owned Ust-Luga terminal (Baltic Sea) and the 50 percent owned Novorossiysk terminal (Black Sea). The one-year contract of
Gunvor Closes USD $625 Million Syndication for Belgian Refinery, Oversubscribed by 25%
GENEVA | 31 OCTOBER 2012 Drawing on a diversified pool of European and international banks, Gunvor Group has successfully closed an oversubscribed borrowing base credit facility to support operations at the Independent Belgian Refinery (IBR). The facility launched at USD $500 million and closed oversubscribed at USD $625 million. “Confidence in Gunvor’s business plan for
Gunvor Launches USD 800 Mil. Revolving Credit Facility
GENEVA | 12 OCTOBER 2012 Gunvor Group Ltd (“Gunvor” or the “Group”) is pleased to announce the launch of a US$ 800,000,000 revolving credit facility (the “Facility”) in favour 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 to