Vitol has signed a US$782mn, 364-day facility with 57 banks, bringing its revolving credit facility to a total of US$6bn.

The facility was launched at US$350mn but registered strong demand from existing and new lenders, Vitol says in a statement.

The facility has a 364-day extension option and will refinance the maturing US$416mn, 364-day loan signed in October 2011.
In addition, Vitol has extended its US$5.22bn, three-year facility signed in October 2011 by 12 months, delaying final maturity until October 2015.

Mandated lead arrangers (MLAs) and bookrunners include ABN Amro, BNP Paribas, Crédit Agricole Corporate and Investment Bank (CIB), Rabobank, Credit Suisse, DBS Bank, Deutsche Bank, ING, JP Morgan, Lloyds TSB, Mizuho Corporate Bank, RBS, Société Générale CIB, Standard Chartered and UniCredit.

ABN Amro, BNP Paribas, JP Morgan, Lloyds TSB and Rabobank acted as active bookrunners. On top of the 15 MLAs and bookrunners, another 42 banks, including several new lenders, participated in the new and extended facilities.