Trader gets $8Bln loan

Written by  John McKay
Thursday, 06 October 2016
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Oct 6 (LNGJ) - Vitol S.A., the Swiss-based global commodities trading company with growing LNG interests, said it had signed a syndicated revolving credit facilities of $8 billion. Vitol extended by 12 months the maturity date of an existing three-year $7Bln loan and refinanced a maturing loan of around $1Bln. “The transaction was supported by a total of 55 banks,” said Vitol, whose headquarters are in Geneva and whose shipments of LNG have gone to buyers in countries such as Argentina, Pakistan, Jordan and Kuwait.

Last modified on Thursday, 06 October 2016 05:44
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