03 February 2011 01:00

Vopak successfully closed a new EUR 1.2 billion senior unsecured multicurrency revolving credit facility with a syndicate of 14 international relationship banks.

This new facility replaces the current revolving credit facility (RCF) of EUR 1.0 billion which was concluded in August 2007. The new RCF is fully available for drawdown and will have an initial maturity of five years with two extension options of one year each.

The new syndicate of banks consists of: ABN AMRO, BNP Paribas, Citi, DBS bank, DnB NOR Bank, ING Bank, JP Morgan, Mizuho, Rabobank and The Royal Bank of Scotland as Bookrunning Mandated Lead Arrangers; Bank of Tokyo-Mitsubishi UFJ, Crédit Agricole, Handelsbanken and Standard Chartered as Mandated Lead Arrangers.

Jack de Kreij, Vice-Chairman of the Executive Board and Chief Financial Officer:

“Our strategic finance policy focuses on ensuring flexible access to various capital markets and funding sources to support Vopak’s Growth Strategy, facilitating a continuous balanced and well-spread debt maturity profile at appropriate terms and conditions that match Vopak’s solid credit quality. Following the successful completion of several long term debt transactions in US and Asian Private Placement markets since 2007, this new revolving credit facility secures the continued funding flexibility necessary to execute our business ambitions. With this transaction we have also further aligned our core banking group with the different 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.