Vitol breaks summer lull, launching $5.5bn revolver to lenders
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 ...Already a subscriber? Login