Saudi Electricity signs $2.58 bln revolving credit facility agreement

08/09/2021 Argaam

Saudi Electricity headquarters


Saudi Electricity Co. (SEC) signed a dollar-denominated revolving credit facility agreement of approximately $2.577 billion (SAR 9.665 billion) on Sept. 8, the utility provider said in a statement to Tadawul

 

Financing entities include Intesa Sanpaolo, Bank of China, First Abu Dhabi Bank, HSBC Bank Middle East, JPMorgan Chase Bank, Mizuho Bank, MUFG Bank, Standard Chartered, Sumitomo Mitsui Banking Corporation, Abu Dhabi Islamic Bank, and Natixis.

 

The duration is three years, and no guarantees are offered for the financing, the statement said.

 

The funding is aimed at refinancing an existing revolving credit facility and financing general corporate purposes, including capital expenditure. 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.