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Wed 12 Jun 2013 07:33

Vitol Asia increases credit facility to $2.21bn


Energy trading giant announces the renewal and increase of Vitol Asia's one-year revolving credit facility.

Vitol Group - owner of bunker firms V-Marine Fuels and Cockett Marine Oil - has announced the renewal and increase of Vitol Asia's one-year revolving credit facility. The credit facility was closed at $2.21bn, representing a significant year-on-year increase.

There were 11 Original Mandated Lead Arrangers and Bookrunners. In addition, a further 19 banks joined the credit facility.

"Vitol appreciates the continued support of all its banking partners," the Swiss-based energy and commodity trading company said.

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