This content is from: Innovation

SABIC Capital Secures $1.25B Loan

SABIC Capital, an affiliated of Saudi Arabia Basic Industries Corporation has secured a $1.25 billion syndicated loan from 15 banks.

SABIC Capital, an affiliated of Saudi Arabia Basic Industries Corporation (SABIC), has secured a $1.25 billion syndicated loan from 15 banks, Arab News reports. The total amount of the five-year revolving credit facility was $2 billion, with the remainder funds made up of bilateral loans.

Bank of Tokyo-Mitsubishi UFJ, Citi, SMBC, ING and Mizuho served as the coordinators and bookrunners of the deal. The mandated loan arrangers include Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan Chase Bank and RBS.

Click here for the story from Arab News.




Related Content