Centalion Americas Successfully Refinances Credit Facility to US$3.5 billion, Marking Strong Growth Momentum with Expanded Lender Group

• Includes a US$2.625 billion one-year tranche, US$875 million two-year tranche and a US$500 million accordion feature
• Rabobank North America acted as lead arranger on the transaction along with Société Générale, ING Capital, MUFG Bank, and Natixis
• Renaming of U.S. unit to Centalion Americas LLC completed amid global rebrand

HOUSTON, Nov. 12, 2026 /PRNewswire/ -- Centalion Americas LLC, a leading independent commodities trading company and subsidiary of Centalion Group, is pleased to announce the successful refinancing and upsizing of its syndicated credit facility to US$3.5 billion. This achievement reflects robust lender confidence in Centalion Americas' resilient business model and positions the company for exciting growth opportunities in the dynamic energy sector.

"The successful expansion of our U.S. Borrowing Base shows that our lenders back the way our business is evolving. Our partnership model, our standards and our relationships with banks have formed a strong foundation for trading excellence – this credit facility enables us to build on that and further support our customers," said Gary Pedersen, Chairman and CEO of Centalion.

The facility, which was significantly oversubscribed, now includes commitments from 25 international banks and financial institutions, an increase from prior levels that incorporates three new banking partners. This expanded lender base underscores the market's enthusiasm for Centalion Americas' strategic direction and operational excellence. The refinancing provides enhanced liquidity to support the company's expanding portfolio of energy commodities, including crude oil, refined products, natural gas, power, and renewables, amid a rapidly evolving global market landscape. The proceeds of the facility will refinance the existing US$2.735 billion borrowing base facility, which was initially launched in October 2025 and upsized in May 2026. 

"We are very pleased to have successfully increased our U.S. Borrowing Base following the recent ownership and name change at Centalion. We deeply appreciate the long-standing support of our core banking group and were very pleased to welcome back our other existing lenders and three new banks to the facility," said Jeff Webster, Group CFO of Centalion.

Participating banks

The facility is led by Rabobank North America, which serves as administrative agent, mandated lead arranger, active bookrunner, coordinator and left lead.

"We are proud to have played a leading role in delivering this marquee financing for Centalion. The scale and significance of this facility reflect the strength of Centalion's global franchise and the confidence of the banking market in its business and strategy. This transaction further underscores Rabobank's commitment to supporting leading players across the global energy markets," said Christine Pelletier, Head of Energy Transition Coverage, Rabobank North America.

Société Générale, ING Capital LLC, MUFG Bank, Ltd., and Natixis, New York Branch also acted as mandated lead arrangers, the foremost holding responsibility as active bookrunner, while the latter contribute as passive bookrunners.

Citibank N.A., Credit Agricole Corporate and Investment Bank, and Sumitomo Mitsui Banking Corporation each serve as joint lead arrangers and share co-syndication agent duties.

Wells Fargo Bank N.A. and Westpac Banking Corporation, Singapore Branch, join the facility as new co-documentation agents together with Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Bank of China, New York Branch, Commonwealth Bank of Australia, Mizuho Bank Ltd., and UniCredit Bank GMBH, New York Branch all acting in the same capacity.

Centalion Americas is pleased to also welcome Bank of America, N.A. to its strong syndicate of banks.

Zukerman Gore Brandeis & Crossman, LLP serves as counsel to the administrative agent. McGuireWoods LLP serves as counsel to the borrower.

Rebrand progress

Centalion Group is the new corporate identity announced on October 2, 2026 for the company formerly known as Gunvor Group. The name Centalion, which means "a group that moves as one," is being applied to entities worldwide, including in the U.S. where the entity previously known as Gunvor USA LLC has become Centalion Americas LLC.

About Centalion Group

Centalion Group is one of the world's largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, bulk materials, and base metals from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure – upstream, terminals, refineries, power plants and storage – Centalion further generates sustainable value across the global supply chain for its customers. Centalion trades in more than 100 countries with main trading hubs in Geneva, Singapore and Houston, along with other trading offices in Calgary, Dubai, Stamford, London and Shanghai, supported by a network of more than 20 representative offices around the globe. In 2025, Centalion generated revenue of US$144 billion and traded 253 million MT of commodities. For more information: Centalion.com. 

About Rabobank North America

Rabobank is one of the world's largest cooperative banks and a global leader specializing in food, agribusiness and energy. In North America, Rabobank serves clients with corporate and investment banking advisory and financing solutions, including specialized agricultural and equipment financing, leveraging its global strength and reach to provide knowledge and a competitive advantage across the entire food and energy value chain. Additional information is available on the Rabobank North America website, www.RabobankNA.com, or on LinkedIn, Facebook and Instagram.

SOURCE Centalion