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Article: Gunvor raises $600 mln syndicated loan.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- July 7, 2009
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Gunvor raises $600 mln syndicated loan
MOSCOW. July 7 9Interfax) - Amsterdam-based Gunvor International B.V. has signed an agreement with a syndicate of banks for the provision of a renewable one-year loan worth $600 million and refinancing for a 2008 debut loan coming to $370 million, the company said in a statement.
The funds could be earmarked for replenishing circulating capital and forming reserve funds designated at minimizing risks.
The loan was provided by syndicate consisting of seventeen banks formed by several major financial institutions with which Gunvor has worked concerning the organizing the debut loan. The organizers of the ...