Vitol Asia’s one-year credit facility closes at $2.21bn
The Vitol Group today announces the successful renewal and increase of Vitol Asia’s one year revolving credit facility. The credit facility was closed at $2.21bn, representing a significant year-on-year increase.
There were 11 Original Mandated Lead Arrangers and Bookrunners. In addition, a further 19 banks joined the credit facility.
Vitol appreciates the continued support of all its banking partners
Notes for Editors:
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, power, 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 2012 were $303 billion.
For more information, please see https://www.vitol.com/.
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