Gunvor grows European RCF to $1.225bn

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By Mike Turner
16 Nov 2020

Gunvor, the Swiss energy trader, has signed a $1.225bn European revolving credit facility, having increased it after asset-hungry lenders oversubscribed the loan during syndication.

The borrower launched the dual tranche deal into syndication at $1bn, and saw a 22.5% oversubscription, which Gunvor took.

“They’re a good company and always find strong support in the market,” said a lender that participated in the deal. “Most banks are still looking to add assets for the ...

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