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Tue 8 Mar 2011, 12:04 GMT

Vopak expands syndicate of international banks


Terminal operator reaches agreement with Industrial and Commercial Bank of China.

Royal Vopak has announced that it has reached an 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," Vopak said.

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