In Singapore, international law firm Ince & Co has advised Gunvor Singapore Pte Ltd, a wholly-owned subsidiary of Geneva-based energy trader Gunvor Group, on its US$850 million syndicated revolving credit facility (RCF) from a syndicate of 24 international financial institutions. The RCF, which closed 6 June 2013, includes a US$135 million three-year tranche and a US$715 million one-year tranche.

The RCF was launched at US$650 million and attracted over US$1 billion in commitments, closing almost 60% 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
(pictured - top) led the team that advised on the transaction which involved English, Singapore and Cypriot law.

Ince & Co partner Martin Brown
(pictured - right), who heads the firm's finance group in Singapore, comments: "We are delighted to act for Gunvor Singapore on such an important transaction, and in supporting Gunvor’s growth strategy in the Asia-Pacific region."

The Ince & Co finance team has a strong reputation advising on numerous transactions in the international trade, energy and oil & gas sectors, particularly on structured finance transactions and general asset-related instructions.

http://incelaw.com/news-and-events/news/ince-and-co-advises-gunvor-singapore-on-us$850-million-revolving-credit-facility