SABIC secures $3 bln syndicated bridge loan: report

21/02/2018 Argaam

 

Saudi Basic Industries Corp. (SABIC) recently secured a $3 billion bridge loan to meet ongoing financial requirements, Reuters reported, citing sources familiar with the matter.

 

Details on the lenders or the tenor of the loan were not disclosed.

 

In January, SABIC said it could self-finance a 25 percent stake acquisition in specialty chemicals group Clariant, or could invite banks to partially finance the deal.

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.