The Vitol Group announced in an emailed press release Tuesday that Vitol Asia has successfully renewed, and increased, its one year revolving credit facility.
The credit facility was closed at $2.21bn, representing a significant year-on-year increase, it said.
Vitol said there were 11 Original Mandated Lead Arrangers and Bookrunners, and in addition, a further 19 banks joined the credit facility.
Vitol Group said last week that it's physical bunker supply locations would be marketed as part of the V-Marine Fuels portfolio, the brand launched by Cockett Group in March 2013, which was formed from the separation of its trading and physical supply activities.
