December 7, 2010 [Vopak] - Following the Asian Private Placement Notes Issuance in November 2010, Royal Vopak (Vopak) announces it has successfully concluded a new senior unsecured Term Loan Issuance in the Asian market. The proceeds will be used to fund Vopak’s Global Growth Strategy.
The Term Loan with a total value of JPY 20 billion has been concluded with a single Asian investor with a bullet maturity of 30 years and a fixed coupon.
After this new issuance, Vopak’s further enhanced debt maturity profile – with original maturities from 5 to 30 years – consists of approximately USD 1.4 billion US Private Placement Notes, SGD 435 million Asian Note Programs, JPY 20 billion Term Loan and a EUR 1 billion Revolving Credit Facility, which is fully available for drawdown.
