(EnergyAsia, March 29 2011, Tuesday) — Dutch logistic and storage operator Royal Vopak said it has included Industrial and Commercial Bank of China (ICBC) as mandated lead arranger under the five-year 1.2-billion-euro senior unsecured multicurrency revolving credit facility (RCF), which was recently closed and announced on February 3 2011. (US$1=0.72 euro).
The total amount and all other terms and conditions of the RCF remain unchanged, with the syndicate now consisting of 15 international relationship banks.
ICBC will be a participant in project financings for a number of Vopak’s joint ventures in China.
Rotterdam-based Vopak is the world’s largest independent tank storage service provider, specialising in the storage and handling of bulk liquid chemicals, gases and oil products.
With a storage capacity of 25.3 million cubic meters, the company’s 80 terminals are spread across 30 countries and strategically located along the major shipping routes.