Egyptian Propylene and Polypropylene Company (EPP)

Egyptian Propylene and Polypropylene Company (EPP) -

Industry
Chemicals/Petrochemicals/Chemicals/Petrochemicals
Area of finance
Commodity Trade Finance
Region
Africa
Countries
Egypt

Deal Overview

The syndicated facility agreement between the syndicate of banks and EPP with the purpose of  restructuring  the existing indebtedness under existing long-term facility and make some amendments to the original agreement , which include extending the financing period and amending the total...

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The syndicated facility agreement between the syndicate of banks and EPP with the purpose of  restructuring  the existing indebtedness under existing long-term facility and make some amendments to the original agreement , which include extending the financing period and amending the total amount of financing and allow new banks to join the transaction. Divided  into two tranches, the first tranche represents the restructuring of the indebtedness ,  and the second tranche represents new financing from the affiliated banks , and it is used to partially finance the replacement of the catalyst material. The purpose of the original facility was financing up to 65% of the investment cost of the project of establishing an integrated complex for the production of propylene and polypropylene, including a propane dehydrogenation unit (PDH) and a unit of PP polymerization.

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Deal Volume
$ 180m
Financial Close
05 September 2021
Sources
Submitted by participant(s)

All Dealmakers

Mostafa  Gomaa

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Tranches


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