FINANCINGS, NEW & RENEWED // Gunvor has successfully closed an inaugural US Private Placement, totalling US $378.5 million of senior unsecured notes with US institutional investors. The transaction was significantly oversubscribed from the launch amount of US $100 million, and comprises tenors of 3, 5, 7, 10 and 12 years, with almost half of the notes placed into the 10-year and the 12-year tranches. This new financing helps diversify our investor base and lengthen our debt profile. Learn more here: https://lnkd.in/dy6tjp-W We also last week announced that Gunvor USA successfully closed the syndication of its US $2.34 billion uncommitted borrowing base credit facility. It benefited from strong oversubscription, and includes a US $1.75 billion one-year tranche and a US $584 million two-year tranche, as well as a US $500 million accordion feature to support future growth. For more: https://lnkd.in/dmn7NkMR #oott #tradefinance #commodities #privateplacement
Congrats!
Impressive milestones for Gunvor! The successful closure of the inaugural US Private Placement, significantly oversubscribed, demonstrates strong investor confidence and a strategic move to diversify the company’s financing base. Coupled with the syndication of the $2.34 billion borrowing base credit facility, these financings highlight Gunvor’s robust positioning for future growth and adaptability in the evolving commodities landscape. Congratulations to the team on these achievements and for strengthening financial resilience! #TradeFinance #CommoditiesLeadership #GrowthStrategy