Vitol S.A. signs USD 8 billion Syndicated Revolving Credit Facilities
Vitol S.A. (“Vitol” or the “Company”) is pleased to announce the successful signing of its syndicated revolving credit facilities (the “Facilities”) totaling USD 8.0 billion.
Vitol extended by 12 months the maturity date of an existing 3-year USD 7,075,833,333 revolving credit facility, and refinanced the maturing 364-day USD 924,166,667 revolving credit facility with a new 364-day revolving credit facility of same size, after having been increased from a launch amount of USD 750,000,000.
The transaction launched on 22nd August 2016, supported by a total of 55 banks.
The Facilities were arranged by Mandated Lead Arrangers & Bookrunners ABN AMRO Bank N.V., Bank of America Merrill Lynch International Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“MUFG”), BNP Paribas, Citigroup Global Markets Limited, Commerzbank AG, London Branch, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank International), Crédit Agricole Corporate and Investment Bank, Credit Suisse AG, DBS Bank Ltd., London Branch, Deutsche Bank Luxembourg S.A., HSBC Bank plc, ING Bank N.V., J.P. Morgan Limited (“JPM”), Lloyds Bank plc, Mizuho Bank, Ltd., The Royal Bank of Scotland plc, Société Générale Corporate & Investment Banking, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and UniCredit Bank AG (“UniCredit”). BNP Paribas, Commerzbank AG, London Branch, MUFG, The Royal Bank of Scotland plc and UniCredit acted as Active Bookrunners, whilst JPM was Documentation and Facility Agent.
Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over 6mbpd of crude oil and products and, at any time, has 200 ships transporting its cargoes.
Vitol’s clients include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including; circa 15.5mm3 of storage across six continents, 390kbpd of refining capacity and Shell-branded downstream businesses in 16 African countries, as well as Australia. Revenues in 2015 were $168 billion. For more information: www.vitol.com.
Tel +44 20 7973 4230