Tag Finance

L’Agefi: “Challenges & Opportunities in a Changing Market”

GENEVA | 24 FEBRUARY 2014 The following is an English translation of an article authored in French by Gunvor’s director of research and analysis published in the Swiss financial outlet L’Agefi: Challenges & Opportunities in a Changing Market By David Fyfe, Director of Research & Analysis Major physical energy trading houses have in the last

Gunvor Closes USD 1.515 Billion Revolving Credit Facility

GENEVA | 9 DECEMBER 2013 Gunvor Group Ltd (“Gunvor” or “Group”) has signed a USD 1.515 billion Revolving Credit Facility (RCF) in favor of Gunvor International B.V. and Gunvor SA (together the “Borrowers”). Launched at USD 1.2 billion, the RCF was significantly oversubscribed during syndication and was subsequently increased. “The expanding commitment we see from

Gunvor Closes New USD 675 Mil. Financing For Ust Luga Oil Products Terminal

GENEVA | 16 SEPTEMBER 2013 Gunvor Group (“Gunvor” or the “Company”) announces the closing of a USD 675 Million Long-Term Secured Facility (the “Facility”) to finance the Company’s flagship investment, its Ust Luga Oil Products Terminal in the Russian Federation (the “Terminal”). “We are very pleased with the outcome of the Facility, which is non-recourse

Gunvor Closes Oversubscribed USD 400 Mil. Middle East Borrowing Base

DUBAI | 1 AUGUST 2013 Gunvor Group, here comprising Gunvor S.A, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has signed USD 400 mil. secured uncommitted borrowing base facilities (the “Facilities”). The Facilities available to the Borrowers, launched at USD 300 mil. and were significantly oversubscribed, enabling an increase

Gunvor Closes New USD 500 Mil. Borrowing Base Facility

MUNICH | 1 AUGUST 2013 Locally-sourced borrowing base supports operations at German refinery Gunvor Group has signed a new, locally-sourced USD 500 million borrowing base revolving credit facility (the “Facility”) to finance the working capital needs of the company’s refinery in Ingolstadt, Germany. UniCredit Bank AG and Deutsche Bank AG led the facility as Bookrunning

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 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 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