Finance & Investing | Fundraising | Capital Markets
Saudi Aramco Inks $10.0 Billion Loan Deal
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Saudi Aramco has signed a new standby revolving credit facilities agreement. The USD 10 billion standby revolving credit facilities agreement replaces the existing USD 4 billion facilities agreement, which was signed in 2010.
The facilities are divided into USD and Saudi Riyal (SAR) tranches broken down as follows:
USD 7 billion, of which USD 6 billion is a 5-year facility with two 1-year extension options (5+1+1) and USD 1 billion is an annually-renewable 364-day facility. SAR 11.25 billion (USD 3 billion) consisting of Murabaha facilities, of which SAR 7.5 billion (USD 2 billion) is a 5-year facility with two 1-year extension options (5+1+1) and SAR 3.75 billion (USD 1 billion) is an annually-renewable 364-day facility.The USD 7 billion tranche participants are Bank of China Limited…
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