Trader Gunvor Group has renewed a lending facility that will give it access to $1.565bn to fund its expanding worldwide LNG activities.
The company said the syndication was launched at $1.2bn and was oversubscribed. Six new banks joined and the facility was increased from $1.135bn to $1.565bn.
Gunvor said it had “strong appetite” from new lenders, including more than 20 banks from Europe, the Middle East, Africa, and Asia.
