Gunvor lines up banks for refinancing

Oil
By Shruti Chaturvedi
02 Feb 2016

Commodity trader Gunvor Singapore has begun talks for a loan to refinance a $1.0627bn dual tranche revolver it wrapped up in July last year.

It is understood to be planning a bank meeting for mid-February and will mandate banks soon. Gunvor is talking to lenders to get them better acquainted with its business model, given current conditions in the commodity sector, said a source. The refinancing is likely to hit general syndication ...

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