News
10 December 2019

Satorp refinancing closes

In:
Oil & gas
Region:
Middle East & Africa

Saudi Aramco and Total have closed on the refinancing of $2.245 billion of the 16-year uncovered debt arranged in 2010 for their Satorp Refinery joint venture. Pricing on the 2010 international bank tranche was 150-160bp over Libor and 125bp for the local tranche. The new deal is said to be priced...

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