Vitol seeks $2.05bn loan for Aussie acquisition

Asia_satellite_230px
By Rashmi Kumar
10 Apr 2014

Dutch commodities trader Vitol, which is buying Royal Dutch Shell’s Australian refinery and retail divisions, is seeking a loan of $2.05bn to fund the acquisition.

The company, which held a bank meeting in Singapore on March 27, has now officially invited lenders to provide funds, said Singapore-based bankers.

Vitol’s loan has two tranches: a $1.3bn two year portion and a $750m five year. The former is priced at around 175bp over dollar Libor, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial