Asia/Pacific News
Vitol Asia Increases Credit Facility to $2.21bn
Wednesday June 12, 2013
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.
