Gunvor Group, a leading independent trader of LNG worldwide, has renewed its syndicated borrowing base facility to support the working capital needs of the company’s growing LNG activities globally.
- Gunvor closes US $1 565 billion LNG euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
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GENEVA, Dec. 21, 2020 /PRNewswire/ Gunvor Group ( Gunvor or the Company ) has successfully closed a new EUR 300 million financing (the Facility ), which consists of a syndicated, pan-European natural gas repo facility to cover multiple jurisdictions in Europe with a shared security package. It will be used to support Gunvor s growing natural gas activity across Europe, where the company is already one of the largest physical natural gas traders.
The innovative financing allows Gunvor s banking partners to participate in a natural gas financing structure with access to a robust security package based on a true sale transaction through a security trust and a segregated account to collect sales proceeds. This uniquely structured trade finance solution gives Gunvor the ability to
Gunvor Closes Innovative New EUR 300 Mil Natural Gas Facility | ANP Pers Support perssupport.nl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from perssupport.nl Daily Mail and Mail on Sunday newspapers.