VTTI’s $644 Million Corporate Refinancing
11.09.2020 By Greta Talmaci - NEWS

November 09, 2020 [Global Legal Chronicle] – Shearman & Sterling advised VTTI on the deal.

VTTI completed a new corporate refinancing. The financing includes a $100 million and $350 million revolving credit facility provided by a group of international banks and $194 million private placement issuances with staggered maturity and drawing profiles. VTTI secured investment grade ratings to support the private placement issuances.

VTTI is one of the world’s largest energy storage providers. The new bank facilities and private placement issuances will help VTTI capitalise on opportunities to grow its terminal network in the market for energy and other essential products.

Shearman & Sterling advised VTTI with a team including Katie Hicks (Picture), Jonathan Toffolo, Jonathan Downey, Charles Case, and Elizaveta Bazarova.

————-

Click Here to Access Today a 6,000 Tank Terminal Database With a Pro Trial
6,000 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More