Ince & Co advises Gunvor Singapore on $850m syndicated revolving credit facility

Ince & Co has advised Gunvor Singapore Pte Ltd on its $850m syndicated revolving credit facility (RCF) from a syndicate of 24 international financial institutions.

The RCF, which closed on 6 June 2013, includes a $135m three-year tranche and a $715m one-year tranche.

It was launched at $650m and attracted more than $1bn in commitments, closing almost 60 per cent oversubscribed. It will be used to refinance another facility obtained in June last year, as well as for general corporate and working capital requirements.

Ince & Co consultant Kunal Kapoor led the team that advised on the transaction, which involved English, Singapore and Cypriot law.