Gunvor

Gunvor - OBSI RCF

Borrower (s)
Gunvor
Industry
Oil & gas/Oil - Trading
Area of finance
Commodity Trade Finance
Region
Asia Pacific
Countries
Singapore

Deal Overview

Gunvor has signed a $990 million Off Balance Sheet Instruments (OBSI) Revolving Credit Facility (RCF). The $990 million facility is a sizable increase from the previous year’s refinancing at $872.5 million. The facility, which was launched at $850 million, was significantly oversubscribed...

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Gunvor has signed a $990 million Off Balance Sheet Instruments (OBSI) Revolving Credit Facility (RCF). The $990 million facility is a sizable increase from the previous year’s refinancing at $872.5 million. The facility, which was launched at $850 million, was significantly oversubscribed after syndication and subsequently increased to $990 million. The facility will support Gunvor in connection with its obligations to issue directly or indirectly off balance sheet instruments as part of its business, including bid bonds, performance bonds, and various other types of guarantee instruments. The Facility has a $300 million accordion option and a 364-day extension option.

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Deal Volume
$ 990m
Financial Close
11 July 2022

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