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OW Bunker in USD 700 million credit agreement

OW Bunker has signed a USD 700 million refinancing agreement with Danish and international banks. Creditors include Rabobank, ING, Nordea, and Danske Bank, and the funds are earmarked for expansions.

One of the world's largest bunker suppliers, OW Bunker, has signed an agreement with a large number of Danish and international banks to refinance an existing credit facility of USD 450 million, thus increasing it to USD 700 million.

“Liquidity is vital to growth in the bunker industry. This facility further strengthens our financial position and the additional liquidity it brings provides us with flexibility to continue growing the business, including launching additional physical distribution operations. Our integrated business model, strong balance sheet and global footprint are key competitive advantages,” says OW Bunker CFO Morten Skou.

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