Vitol Asia renews one year revolving syndicated credit facility
The Vitol Group is pleased to announce the successful renewal of Vitol Asia Pte Ltd’s one year revolving credit facility in Asia. The credit facility was launched at US$1.0bn in late April 2015, and closed at an oversubscribed level of US$1.48bn.
A total of 21 banks participated in the credit facility, comprising 13 Mandated Lead Arrangers and Bookrunners (“MLAB”). The MLABs are: Australia and New Zealand Banking Group Limited, Bank of China Limited, Singapore Branch, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Singapore Branch, Commonwealth Bank of Australia, Singapore Branch, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, ING Bank N.V., Singapore Branch, National Australia Bank Limited, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Singapore Branch, United Overseas Bank Limited and Westpac Banking Corporation.
Vitol would like to thank its banking partners for their continued support.
For more information
Andrea Schlaepfer, Vitol
+44 207 973 4230
Fabian Gmuender, Vitol
+44 20 7312 4478
The Vitol Group was founded in 1966 in Rotterdam, the Netherlands. Since then the company has grown significantly to become a major participant in world commodity markets and is now the world’s largest independent energy trader. Its trading portfolio includes crude oil, oil products, LPG, LNG, natural gas, coal, electricity, agricultural products, metals and carbon emissions. Vitol trades with all the major national oil companies, the integrated oil majors and the independent refiners and traders. Globally, Vitol trades over 5 million barrels of crude oil and oil products per day and revenues in 2014 were $270 billion.
For more information: www.vitol.com