Royal Vopak has announced the signing of Note Purchase Agreements for a significant debt issuance in the US Private Placement market, totalling USD 325 million and EUR 260 million. The funding, scheduled for June 2025, is subject to customary closing conditions.

The Notes Programme comprises multiple EUR and USD tranches with maturities ranging from 5 to 11 years. The USD-denominated notes include USD 100 million in subordinated notes and carry a weighted average fixed annual interest rate of 5.7 percent. Meanwhile, the EUR-denominated notes include EUR 60 million in subordinated notes and carry a weighted average fixed annual interest rate of 4.2 percent.

Proceeds from this issuance will primarily be used to refinance outstanding or maturing debt in 2025. The programme supports a well-balanced debt maturity profile and enhances Vopak’s financial flexibility, particularly under its existing EUR 1 billion Revolving Credit Facility.

Michiel Gilsing, chief financial officer of Vopak, commented:“The successful debt issuance, attracting more than nine times oversubscription, underpins our ongoing access to relevant capital markets and further strengthens Vopak’s financial foundations. This allows us to continue strategy execution to grow in industrial and gas terminals and accelerate investments in the energy transition infrastructure.”

The company noted that this announcement does not constitute an offer to sell securities in the United States or any other jurisdiction. The securities mentioned have not been registered under the US Securities Act of 1933 and may not be offered or sold in the United States without appropriate registration or an applicable exemption.

For more information visit www.vopak.com