GC
Vitol seeks $2.05bn loan for Aussie acquisition
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? Login
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