Gerald Group Successfully Closes Its USD 225 Million Syndicated Revolving Credit Facility(RCF) For The Eighth Consecutive Year
AMSTERDAM, Dec. 20, 2017 /PRNewswire/ -- GISA Netherlands BV successfully received commitments from more than 15 banks to close its annual revolving credit facility (RCF) for the eighth consecutive year. Its RCF was led by ING Bank and a core group of lead arrangers including BNP Paribas, Credit Suisse, DBS and Deutsche Bank.
Brendan Lynch, Chief Financial Officer for the Gerald Group, commented: "We have successfully re-financed the RCF for the eighth consecutive year at pricing levels in line with 2016. We are grateful for the continued support of ING, who lead the 17 bank syndicate, and that the banking community has shown to the Gerald Group once again."
About Gerald Group
The Gerald Group is one of the world's leading commodity trading companies, with global operations totaling more than USD 2 billion in assets and approx USD 10 billion in turnover.
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