Gunvor has signed a $1.39 billion revolving credit facility with a group of lenders. ABN AMRO Bank, Credit Agricole, Credit Suisse DBS Bank, ING Bank, Natixis, Rabobank, Société Générale Corporate & Investment Banking, UBS Switzerland and UniCredit Bank were mandated to arrange the facility.
Gunvor Group signed a $1.36 billion revolver in favor of Gunvor International and Gunvor SA. The mandated lead arrangers included: ABN AMRO, CACIB, Credit Suisse, DBS, ING, Natixis, Rabobank, UBS and Unicredit.
Gunvor Group said it signed a $1.515 billion revolving credit facility. Credit Suisse AG, RBS and Societe Generale, among others, served as book-running mandated lead arrangers in the facility.
Gunvor Group signed a new, $500 million revolving credit facility to finance the working capital needs of the company’s refinery in Ingolstadt, Germany. UniCredit Bank AG and Deutsche Bank AG served as book-running mandated lead arrangers.
Gunvor Group said that GE Capital has launched a US$299 million factoring program for Gunvor’s receivables portfolio to finance part of Gunvor’s German refining business.