Capital Southwest amended its senior secured credit facility, increasing total commitments to $180 million and expanding the accordion feature to $250 million to accommodate future growth of the company. ING Capital led the financing.
Gunvor closed a $725 million borrowing base facility, which will provide working capital for refining activities in the Amsterdam-Rotterdam-Antwerp region. ING was coordinator and the facility and security agent.
Commodities trading house Gunvor Group said it closed a new $290 million revolving credit facility to support its European activities. ABN AMRO Bank was said to have acted as facility agent.
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.