Gunvor increases refi to $1.6bn

21 Jun 2011

Commodities trading firm Gunvor Group has increased its revolving credit facility from $1.1bn to $1.55bn after it was oversubscribed in syndication, although lenders on the deal will still see their commitments scaled back.

The deal, which comprises a 364 day revolver that will be available to Gunvor International and Gunvor SA, a 364 day revolver for Gunvor Singapore and a $135m three year revolver for Gunvor International and Gunvor SA, attracted commitments of more than $1.6bn in syndication. It was led ...

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