Gunvor launches amid last wave of commodity refis

Swiss oil trader Gunvor is in the market with a $450m revolver which it launched last week. The loan is set to be one of the last refinancings in the commodity sector of the year after a raft if successful transactions, though fellow Swiss group Vitol is also planning a deal.

  • 18 May 2009

BNP Paribas, Calyon, Credit Suisse, Fortis, ING, Rabobank and Société Générale are arranging the deal for Gunvor which replaces a $370m facility signed in July last year.

Meanwhile, Vitol is understood to be talking to banks about a refinancing, possibly in the form of a forward start. The ...

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