Vitol has signed a revolving credit facility worth almost US$7bn, having launched it earlier in the month at US$5bn.

The facility will be split into two tranches, a US$841mn 364-day tranche and a US$6.16bn three-year tranche.

These new facilities will be used for general corporate purposes and to refinance the company’s maturing US$5.22bn three-year and US$782mn 364-day revolver signed in October 2011 and October 2012, respectively.

Last year, the final maturity of the previous three-year facility was delayed until October 2015.

“We very much appreciate the continued support of all our banking partners,” Jeff Dellapina, CFO, comments.

The mandated lead arrangers and book runners for the deal are ABN Amro, BNP Paribas, Crédit Agricole, Credit Suisse, Rabobank, DBS, Deutsche Bank, ING, JP Morgan, Lloyds, Mizuho, RBS, Société Générale, Standard Chartered and UniCredit.

Citibank, Commerzbank, HSBC France and HSBC Trinkaus and Burkhardt, Kfw Ipex, Natixis and Sumitomo Mitsui joined as mandated lead arrangers during syndication.

A total of 53 banks participated in the deal.