Saudi Electricity Company (SEC)

Saudi Electricity Company (SEC) - TL

Industry
Power/Electricity transmission
Area of finance
Syndicated loans
Region
Middle East
Countries
Saudi Arabia

Deal Overview

SEC signed an unsecured facility which will be used to refinance an existing syndicated facility, initially raised in 2017 and set to mature in August of 2022, as well as fund the company's capital expenditure needs. SEC had raised the size and maturity of the international syndicate facility,...

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SEC signed an unsecured facility which will be used to refinance an existing syndicated facility, initially raised in 2017 and set to mature in August of 2022, as well as fund the company's capital expenditure needs. SEC had raised the size and maturity of the international syndicate facility, as well as having attracted new lenders, given strong interest for participation from the regional and international banking market.

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Deal Volume
$3bn
Financial Close
11 August 2022
Sources

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