Gunvor Group renewed (and upsized) its loan facility to provide working capital for its LNG trading business. The facility was initiated last year and has grown with this deal from $1.135bn to $1.565bn.

The deal was launched at $1.2bn and upsized on strong demand. The book included over 20 banks from Europe, the Middle East, Africa and Asia. 6 new banks joined the loan facility.

As part of the facility, Gunvor has agreed to report CO2 carbon emissions for its LNG value chain.

The Bookrunners and Mandated Lead Arrangers are: Cooperatieve Rabobank, DBS, OCBC, Natixis, Societe Generale.

The Senior Mandated Lead Arrangers are: ADCB, ICBC, ING, QNB and Mizuho.

The Mandated Lead Arrangers are: Bank of China, CA Indosuez, Commercial Bank of Dubai and SMBC.

The Arrangers are: Afrasia Bank, Erste Group Bank, FAB, Mashreqbank, Sumitomo Mitsui Trust Bank, and the National Bank of Ras Al Khaimah.