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.
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| Financial Center: | Dubai | Value: | 1000.01-5000.00 |
| Advised Party: | Borrower | Law Firm | Linklaters |
| Borrower | Saudi Arabia | Lender | Saudi Arabia |
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | Jonathan Fried |
