Gunvor scores oversubscribed $1.39bn RCF

Oil
By Bianca Boorer
16 Nov 2017

Gunvor, the oil trading group headquartered in Switzerland, agreed a $1.39bn revolving credit facility (RCF) on Thursday to refinance tranches of previous loans.

Meanwhile, Louis Dreyfus is also expected to close a revolving credit facility soon, a banker said.

The Gunvor facility was oversubscribed and had to be scaled back from a total commitment of $1.81bn, which was a “record high” for the group, according to a statement.

It comprises two revolving ...

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