Vitol breaks summer lull, launching $5.5bn revolver to lenders

By Dan Alderson
28 Aug 2014

Commodity trading company Vitol has launched a global revolving credit facility of about $5.5bn to replace outstanding loans.

The Swiss-based borrower, like Glencore, raises money in this way as a regular yearly exercise, said one banker in London.

He said Vitol had put together its top tier of banks and would extend this to a much bigger group. The final size of ...

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