Gunvor Launches USD 300 Mil. Facility to Support Middle East Trading

DUBAI, UNITED ARAB EMIRATES–(Marketwired – April 12, 2013) – Gunvor Group, here comprising Gunvor S.A, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has launched the syndication of a USD 300 million secured uncommitted borrowing base revolving credit facilities (the “Facilities”), which will be used to finance working capital needs for the purchase of oil products and LNG, and for receivables related to physical…