John A. Bassadone-led marine fuel supplier Peninsula has renewed its $400m Singapore-based syndicated credit facility.
The company said the syndicated credit
John A. Bassadone-led marine fuel supplier Peninsula has renewed its $400m Singapore-based syndicated credit facility.
The company said the syndicated credit facility followed the renewal of its European banking facility earlier this year.
Together with other bilateral lines, the group has a total funding capacity of more than $1.5bn.
According to the company, the Singapore facility remains at $400m, with several banks actively seeking to increase their commitments during the renewal process. A $75m accordion option has been embedded, allowing the facility to scale to $475m.
The Singapore syndicate includes a two-year committed tranche and remains unchanged, comprising eight financial institutions,
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