Commodity crash could limit Vitol revolver

Commodities trader Vitol is talking to bankers about a $1.2bn revolving credit facility, but after the widespread fall in commodity prices last week, the chance of the company increasing the deal in syndication has taken a knock.

  • 08 May 2011
Some 12 banks are running Vitol’s one year deal, which it will use to partially refinance the $1.43bn tranche of a $1.665bn deal agreed in June last year. The borrower decided to launch a smaller loan this time around, but the collapse in commodities prices last week could ...

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