
Work Here?
Gunvor moves physical energy, metals, and bulk materials from where they are produced to where they are needed most. The company operates by sourcing these commodities and using its own network of refineries, pipelines, and storage terminals to manage the logistics of the global supply chain. Unlike many competitors that focus solely on trading, Gunvor invests heavily in industrial infrastructure and upstream assets to gain direct control over the movement and processing of goods. Its goal is to create sustainable value for customers by providing efficient and safe transport solutions for essential global resources.
Industries
Industrial & Manufacturing
Energy
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$8.3B
Headquarters
Geneva, Switzerland
Founded
2000
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$8.3B
Above
Industry Average
Funded Over
0 Rounds
Professional Development Budget
Financials and Investment: Singapore Oil & Gas news in Asia, Gunvor Secures US$1.366 Billion Syndicated Revolving Credit Facility With Oversubscription
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.
Reykjavík, April 30, 2026 (GLOBE NEWSWIRE) -- Amaroq Ltd.(“Amaroq” or the “Company”) Amaroq Doubles Revolving Credit Facility to US$70 Million ...
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.
Find jobs on Simplify and start your career today
Industries
Industrial & Manufacturing
Energy
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