Royal Vopak has secured a senior unsecured multicurrency revolving credit facility worth €1.2 billion from a syndicate of 14 banks. The new five-year term loan will replace the company’s existing €1 billion loan, which was concluded in August 2007.

ABN AMRO, BNP Paribas, Citi, DBS bank, DnB NOR Bank, ING Bank, JP Morgan, Mizuho, Rabobank and Royal Bank of Scotland were the book-running mangers of the transaction. The Dutch company that stores and handles various oil and natural gas-related products appointed Bank of Tokyo-Mitsubishi UFJ, Crédit Agricole, Handelsbanken and Standard Chartered as lead arrangers.

Click here for the release from Vopak.