Construction company Saudi Oger is seeking to secure a $800 million senior secured term loan facility and a $1.06 billion advance payment guarantee facility, Reuters reports. The funding will help fund the company’s King Abdullah Project 2.
Lead arrangers and book runners for both facilities are Deutsche Bank, China Development Bank and Emirates Bank NBD. Industrial and Commercial Bank of China is also lead arranger for the term loan and Natixis Dubai for the project facilities.
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