BACK
Peninsula, the global leader in marine energy solutions, has successfully renewed its $400 million Singapore-based syndicated credit facility—reinforcing its position as one of the most financially robust players in the sector. This follows the renewal of Peninsula’s European banking facility earlier this year and, together with other bilateral lines, brings the group’s total funding capacity to over $1.5 billion.
The Singapore facility remains at $400 million, with several banks actively seeking to increase their commitments during the renewal process. A $75 million accordion option has been embedded, allowing the facility to scale to $475 million—future-proofing Peninsula’s financial flexibility.
Mirroring the structure of the European facility, the Singapore syndicate includes a 2-year committed tranche, a clear signal of long-term confidence from top-tier banks in Peninsula’s resilient business model. The syndicate remains unchanged, comprising eight leading financial institutions, with additional lenders expressing strong interest in joining.
This renewal marks another milestone in Peninsula’s strategic approach to diversifying its lender base across key global regions—ensuring its steady growth trajectory is matched by equally committed financial partners.
John A. Bassadone, CEO of Peninsula, commented:
“Future success in the marine fuels industry will increasingly require both significant capital and liquidity. I’m proud that we deliver both through a robust balance sheet, risk aware business model and enduring relationships with world-class banks. This facility renewal is yet another testament to Peninsula’s strength, stability, and leadership in marine energy.”
Peninsula continues to mandate HSBC as Arranger and Facility Agent. The syndicate includes UOB, Citi, Lloyds, Mashreq Bank, Arab Banking Corporation (B.S.C.), OCBC, and QNB Singapore.
Tom Francisco, CFO of Peninsula, added:
“Peninsula’s reputation for disciplined execution and strong governance resonates across the banking community. The re-engagement of our Asian syndicate—alongside new interest—reflects the trust in our strategy and platform. We’ve never been in a stronger financial position than we are today.”
