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The loan is for general corporate purposes,
including the refinancing of Vitol’s $7 billion financing signed
in October 2013.
The facilities comprises a $6.45 billion, three-year revolving
credit facility with two one-year extension options and a $1.06
billion, 364-day facility with two 364-day extension options.
The financing launched in August for $5.5 billion, raising
around $8 billion from the market and subsequently increased.
The financing saw the participation of 55 banks, four of which
were new lenders to Vitol.
ABN AMRO Bank, Credit Agricole CIB, ING Bank, Societe Generale
and UniCredit Bank were active bookrunners on the transaction.
BNP Paribas, Commerzbank, Rabobank International, Credit Suisse,
DBS Bank, Deutsche Bank, JP Morgan, Lloyds Bank, Mizuho Bank,
Royal Bank of Scotland, Standard Chartered Bank and Sumitomo
Mitsui Banking Corp were mandated lead arrangers and bookrunners.
JP Morgan Europe is facility agent.
(Editing by Christopher Mangham)
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