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Perspective
01 August 2013

Gunvor’s Middle East borrowing base oversubscribed

Region:
Middle East & Africa
Energy trading company Gunvor Group - comprising Gunvor SA, Gunvor Middle East DMCC and Gunvor Singapore - has signed $400 million secured uncommitted borrowing base facilities. The facilities initially launched at $300 million and as such were significantly oversubscribed. After scaling back, Gunvor elected to take $400 million.

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