VTTI’s $644 Million Corporate Refinancing
11.09.2020 - 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

4 European Refiners Get Full Saudi Crude Allocations
09.20.2021 - NEWS
September 17, 2021 [Argus] – Saudi Arabia will supply at least four of its term customers i... Read More
Brazil Sets Date for US$200mn Liquid Bulk Terminals Auction
09.20.2021 - NEWS
September 17, 2021 [BNAmericas] – Brazil will auction the STS08 and STS08A liquid bulk term... Read More
Kinder Morgan, Neste to Retrofit Tanks for Green Fuels Feedstocks
09.20.2021 - NEWS
September 17, 2021 [bicmagazine] – Pipeline operator Kinder Morgan Inc. plans to convert so... Read More
Australia’s Zenith Energy Partners with Wartsila on Storage Deployment
09.17.2021 - NEWS
September 17, 2021 [powerengineeringint] – Zenith Energy, an independent power producer bas... Read More