Daily News: October 25, 2013

Reuters: Gunvor Launches $1.2B Syndicated Loan

Reuters reported that Swiss oil and energy trader Gunvor said it launched syndication of a $1.2 billion revolver to diversify its financing sources and support new investments and existing operations.

Reuters said further the loan, which is available to Gunvor International and Gunvor SA, will also replace an existing $1.16 billion loan agreed in December last year, banking sources said.

To read the entire Reuters article, click here.