Royal Vopak Signs Agreements for a New Debt Issuance of €400 Million Equivalent
05.01.2023 By TankTerminals.com - NEWS

May 1, 2023 [Yahoo!] – Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market for a total amount of USD 225 million and EUR 193 million.

 

Funding will take place mid June this year and is subject to customary closing conditions.

This Senior Notes Program consists of various EUR and USD tranches with maturities ranging from 5 to 10 years. For the USD denominated Notes of 225 million the weighted average fixed annual interest rate is 5.14%. For the EUR denominated Notes of 193 million the weighted average fixed annual interest rate is 4.65%.

The proceeds of this USPP will be mainly used to repay outstanding and/or maturing debt in 2023. The program will further align the well spread debt maturity profile of Vopak’s outstanding debt, and will provide maximum flexibility under the current EUR 1 billion Revolving Credit Facility.

Michiel Gilsing, Chief Financial Officer of Vopak: “This successful signing of the debt issuance confirms Vopak’s ongoing access to relevant capital markets. This debt issuance will further strengthen our balance sheet and support our capital structure to continue to invest in growth opportunities for Vopak in line with our strategy.”

This announcement does not constitute an offer of any securities for sale in the United States or any other jurisdiction. The securities mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Breakthrough: PetroChina Secures a European First with LNG Terminal Deal
06.06.2023 - NEWS
June 6, 2023 [Upstream Energy Explored]- PetroChina International has won a tender giving it long... Read More
Proposed Gulf of Mexico LNG Export Facility Announced
06.06.2023 - NEWS
June 6, 2023 [Grand Isle LNG]- Poised to provide clean-burning US LNG to partners around the worl... Read More
UK First Sustainable Aviation Fuel Handling Terminal to be Developed on Teesside
06.06.2023 - NEWS
June 6, 2023 [Navigator]- Navigator Terminals and alfanar will enter a joint Front-End-Engineerin... Read More
Montfort Acquires Uniper’s Marine Fuels Oil Refinery in UAE
06.05.2023 - NEWS
June 5, 2023 [GulfNews]- Montfort Group and the Private Office of Sheikh Ahmed Dalmook Al Maktoum... Read More