UK bunker supplier Peninsula Petroleum has added another $100m of working capital in Europe and Asia.
Half of this comes from a syndicated facility led by HSBC Singapore, one of the group’s long standing financiers.
"The facilities mark the achievement of another important milestone in the implementation of the group’s near to medium term strategic business plan," it said.
United Overseas Bank has come in as a new lender, while BNP Paribas has also joined its European club facility with $50m, bringing total global working capital facilities for the group to $400m.
