GGunvor is a leading independent commodities trading house that moves physical energy, metals, and bulk materials worldwide. It provides logistics solutions by sourcing, transporting, storing, and delivering goods, and it owns or controls infrastructure such as refineries, pipelines, storage facilities, terminals, mining assets, and upstream operations. Its approach combines trading with integrated infrastructure to exert direct control over supply chains, setting it apart from competitors. Its goal is to generate sustainable value across the global supply chain by moving commodities efficiently and safely for customers.
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Industries
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$8.3B
Headquarters
Geneva, Switzerland
Founded
2000
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Total Funding
$8.3B
Above
Industry Average
Funded Over
7 Rounds
Financials and Investment: Singapore Oil & Gas news in Asia, Gunvor Secures US$1.366 Billion Syndicated Revolving Credit Facility With Oversubscription
Reykjavík, April 30, 2026 (GLOBE NEWSWIRE) -- Amaroq Ltd.(“Amaroq” or the “Company”) Amaroq Doubles Revolving Credit Facility to US$70 Million ...
Amaroq has doubled its revolving credit facility to $70 million from $35 million, whilst reducing funding costs and extending maturity to 1 May 2028. The amended facility was arranged with Landsbankinn and Gunvor Group, with Gunvor securing gold offtake rights for the Nalunaq mine. The facility carries a 7.50% margin over SOFR, stepping down based on last twelve months EBITDA milestones: 6.25% above CAD 25 million, 5.00% above CAD 50 million, and 4.50% above CAD 70 million. An origination fee of $385,000 (0.55% of commitments) applies. The facility is secured by property mortgages, share pledges, bank account pledges and a licence transfer agreement. CFO Ellert Arnarson said the enhanced capacity strengthens working capital for exploration and Phase 2 construction at Nalunaq.
Gunvor Group Ltd announced a management-led buyout, with the management team acquiring full ownership from majority owner Torbjorn Tornqvist. Gary Pedersen, head of Americas since 2024, is appointed as the new CEO. The transaction aims to introduce new governance and structural changes for long-term growth in the U.S., Europe, and Asia. Pedersen will operate between Houston and Geneva during the transition. Additional board and executive changes are anticipated.
Gunvor Group has invested in Artemis Technologies to support nonhydrocarbon maritime solutions. This follows a £33 million ($45 million) UK Government grant to the Artemis-led Belfast Maritime Consortium for zero-emission ferries, bringing total project investment to £60 million ($75 million). The investment will aid the development of the Artemis eFoilerTM, an electric hydrofoiling system, reducing fuel costs by 90% and emissions to zero for vessels carrying up to 350 passengers.
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Industries
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$8.3B
Headquarters
Geneva, Switzerland
Founded
2000
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs