Bloomberg News

Gunvor to Start Refinancing $937 Million Credit in September

June 26, 2012

Gunvor Group Ltd., the closely held energy trader, said it plans to start the process of refinancing a $937 million credit line in September after extending its maturity.

Gunvor extended the maturity of the revolving credit by six months to December 2012, according to a statement today on its website.

The Cyprus-based company will use proceeds of the credit line to refinance existing debt and fund its business, according to the statement.

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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