Allen & Overy LLP has advised Deutsche Bank AG on a revolving credit facility in the amount of USD 650 million for the Danish Bunker Holding A/S. Thus, the world leading company within bunker trading has increased its financing facilities by 50%.

The new financing facility covers a five-year period and includes additional options to increase the facility with up to 35%. The facility is established with an international group of 8 banks, led by Deutsche Bank AG as coordinator.

The Allen & Overy team comprised partner Thomas Neubaum, counsel Dr Mark Hallett and associate Dr Alexander Schilling (all Banking and Finance, Frankfurt).