Vitol S.A. announced the successful signing of its syndicated revolving credit facilities totaling $7.5 billion.

The transaction was led by ABN AMRO Bank, Crédit Agricole Corporate and Investment Bank, ING Bank, Société Générale Corporate & Investment Banking and UniCredit Bank AG as active bookrunners & mandated lead arrangers, as well as BNP Paribas, Commerzbank Aktiengesellschaft, Coöperatieve Centrale Raiffeisen-Boerenleenbank, Credit Suisse AG, DBS Bank, Deutsche Bank AG, J.P. Morgan Limited, Lloyds Bank plc, Mizuho Bank, The Royal Bank of Scotland, Standard Chartered Bank and Sumitomo Mitsui Banking as bookrunners and mandated lead arrangers. J.P. Morgan Europe is agent.

The new facilities include a $6.45 billion 3-year revolving credit facility with two 12-month extension options and a $1.06 billion 364-day tranche with two 364-day extension options. The facilities will be used for general corporate purposes and to refinance the company’s $7 billion debt package signed in October 2013.

The transaction launched on August 26, 2014, at $5.5 billion and was oversubscribed to approximately $8 billion. In total, 55 banks (including four new banks) joined the facilities.

Vitol is an independent energy trader.