Peninsula secures $400M Singapore credit facility

Peninsula, a global leader in marine energy solutions, has successfully renewed its $400 million Singapore-based syndicated credit facility, reinforcing its position as one of the sector’s most financially robust players. This follows the renewal of Peninsula’s European banking facility earlier this year and, together with other bilateral lines, brings the group’s total funding capacity to over $1.5 billion.

The Singapore facility remains at $400 million, with several banks actively seeking to increase their commitments during the renewal process. A $75 million accordion option allows the facility to scale to $475 million, enhancing Peninsula’s financial flexibility.

Mirroring the structure of the European facility, the Singapore syndicate includes a 2-year committed tranche, signaling long-term confidence from top-tier banks in Peninsula’s resilient business model. The syndicate remains unchanged, comprising eight leading financial institutions, with additional lenders expressing strong interest in joining.

This renewal marks another milestone in Peninsula’s strategy to diversify its lender base across key global regions, ensuring its steady growth trajectory is matched by committed financial partners.

John A. Bassadone, CEO of Peninsula, said: “Future success in the marine fuels industry will increasingly require both significant capital and liquidity. I’m proud that we deliver both through a robust balance sheet, risk-aware business model, and enduring relationships with world-class banks. This facility renewal is yet another testament to Peninsula’s strength, stability, and leadership in marine energy.”

HSBC continues as Arranger and Facility Agent. The syndicate includes UOB, Citibank, Lloyds, Mashreq Bank, Arab Banking Corporation (B.S.C.), OCBC, and QNB Singapore.

Tom Francisco, CFO of Peninsula, added: “Peninsula’s reputation for disciplined execution and strong governance resonates across the banking community. The re-engagement of our Asian syndicate—alongside new interest—reflects the trust in our strategy and platform. We’ve never been in a stronger financial position than we are today.”

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