Vopak has reached agreement with Industrial and Commercial Bank of China (ICBC) to include them as Mandated Lead Arranger under the five-year EUR 1.2 billion senior unsecured multi-currency revolving credit facility (RCF), which was recently closed and announced on 3 February 2011. The total amount and all other terms and conditions of the RCF remain unchanged. The syndicate now consists of 15 international relationship banks.
With ICBC’s participation both companies strengthen their relationship which already involves project financings for a number of Vopak’s joint ventures in China. With ICBC joining the RCF syndicate, Vopak further aligned its core banking group with the various project-based growth opportunities in different regions.
Profile Vopak
Royal Vopak (Vopak) is the world’s largest independent tank terminal operator specialising in the storage and handling of liquid and gaseous chemical and oil products. On request, Vopak can provide complementary logistics services for customers at its terminals. Vopak operates 74 terminals with a storage capacity of more than 21 million cbm in 30 countries. The terminals are strategically located for users and the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries.