ING Agents $725MM Gunvor Facility
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.
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.
Dominion Midstream Partners will acquire Questar Pipeline in a $1.75 billion deal. Royal Bank of Canada served as administrative agent for a lender group that provided a $300 million term loan to support the transaction.
World Fuel Services increased the size of its credit facility by approximately $500 million to $2.1 billion and extended the term to October 2021. Bank of America served as administrative agent.
Olam International, a global agri-business operating in 70 countries, secured a revolving credit facility aggregating $2 billion with an international syndicate of more than 20 banks.
Atmos Energy entered into an amendment to its revolving credit agreement, increasing its loan amount from $1.25 billion to $1.50 billion. Crédit Agricole acted as administrative agent.
Lockheed Martin extended the expiration date of its $2.5 billion credit agreement by one year from October 9, 2020 to October 9, 2021. Bank of America was administrative agent.
Vitol executed $8 billion in revolving credit facilities with a syndicate of 55 banks.
Sabre closed a $400 million revolver and a $600 million term loan. Bank of America Merrill Lynch served as the administrative agent and collateral agent for the transactions.
Southwestern Energy entered into agreements with its bank group for its $2 billion revolver and its $750 million term loan to extend maturities and modify certain other terms and conditions of the facilities.
Fortum has signed a €1.75 billion ($1.97 billion) syndicated multicurrency revolving facility agreement. The Royal Bank of Scotland and Nordea Bank acted as coordinators for the transaction.