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| Home : Gunvor Closes Oversubscribed US$ 1.67 Billion Revolving Credit Facility |
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Nov 18
2016 |
Gunvor Closes Oversubscribed US$ 1.67 Billion Revolving Credit Facility |
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GENEVA, SWITZERLAND--(Marketwired - Nov. 17, 2016) - Gunvor Group Ltd ("Gunvor" or the "Group") has signed a US$ 1.67 billion Revolving Credit Facility (the "Facility") in favour of Gunvor International B.V. and Gunvor SA (the "Borrowers"), representing a 30% increase in the total available facilities. The Facility will replace the maturing Tranche A (US$ 1.15 billion) of the Borrower's Revolving Credit Facility dated 23 November 2015 and refinance Tranche B (US$ 85 million) of the US$ 1.09 billion Facility dated 28 November 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=2176781&sourceType=3 |
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