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Practice Areas - International Finance and Bank Credit Law Firms and Lawyers

Deal Date: 03-01-2019 Practice Area: International Finance and Bank Credit
Deal Title: Saudi Electricity Company Syndicated Revolving Credit Facility Agreement Industry: Electricity
Description:
Linklaters advised Saudi Electricity Company on a revolving credit facility agreement with eight international banks for USD2.15bn (SR8.06billion). The facility was divided into two tranches: the first with a maximum of USD1.578bn, which would mature after three years, and the second with a maximum of USD573m that would mature after five years. The major international banks included Abu Dhabi First Bank, Mizuho Bank, MUFG Bank, Standard Chartered Bank, Mitsui Sumitomo foundation, HSBC Bank ? Middle East, Hong Kong and Shanghai Banking Corporation Limited, JPMorgan Chase and Co., and Natixis Bank of France. SEC is the largest electricity service facility in the Middle East and North Africa region.
Financial Center: Dubai Value: 1000.01-5000.00
Advised Party: Borrower Law Firm
Borrower Saudi Arabia Lender Saudi Arabia
Classification: Syndicated and Bilateral Loans Syndicated Loans
Lawyer Jonathan Fried