Vitol looks to extend $1.48bn revolver raised in 2015

Oil Tanker 230x150
By GlobalCapital
28 Apr 2016

Commodities trader Vitol Asia has hit the market for a one year extension to a $1.48bn borrowing sealed in June 2015.

The Netherlands-based company has sent out term sheets to existing lenders on the previous deal, offering them the same terms as the 2015, but with an extension fee based on allocations.

Mandated lead arrangers and bookrunners committing $100m or more earn a fee of 15bp, MLAs committing $50m-$99m earn ...

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