08.12.2010 • Newsbulk liquid chemicalsgasesloan

Vopak Borrows 20 Billion Yen from Asian Investor

Dutch oil and chemicals storage firm Vopak said on Tuesday it had borrowed 20 billion yen ($240 million)for 30 years from a single Asian investor to fund its expansion.

The 30-year, fixed-rate and unsecured term loan follows a S$225 million private placement last month in the Asian market. Vopak did not identify the Asian investor.

"It also contributes to a further improved financial maturity profile and interest rate structure of the outstanding debt," said Jack de Kreij, chief financial officer, in a statement.

Vopak, the world's largest independent storage tank operator, handles bulk liquid chemicals, gases and oil products.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

Free Virtual Event

Sustainability in Bioprocessing
Bioprocess Forum

Sustainability in Bioprocessing

Join us to explore hot topics in sustainable bioprocessing like the industrial potential of enzymatic synthesis, innovative biocatalysis techniques, and the use of digital twins in bioprocessing.