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| Home : Gunvor Singapore Signs USD 850 Mil. Revolving Credit Facility |
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Jun 05
2013 |
Gunvor Singapore Signs USD 850 Mil. Revolving Credit Facility |
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SINGAPORE, SINGAPORE--(Marketwired - June 6, 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 in, and support for, Gunvor's growth strategy for the Asia-Pacific region. The RCF includes a USD 135 Mil. 3-year tranche and a USD 715 Mil. 1-year tranche. |
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| Source:http://www.marketwire.com/mw/release.do?id=1798657&sourceType=3 |
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