Mercuria and Gunvor bring more banks into fold for US facilities

By Mike Turner
26 Nov 2020

Mercuria and Gunvor, the Swiss commodity and energy trading firms, have signed credit facilities for their US businesses, with both companies adding more banks to the deals.

Mercuria’s new $1.7bn loan is a one year borrowing base revolving credit facility — where the amount of credit varies according to the level of the borrower's current assets. It is $200m smaller than the one year deal being refinanced. The borrower has added banks to its US ...

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