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Name | Symbol | Market | Type |
---|---|---|---|
Sasol Ltd | NYSE:SSL | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.02 | 0.28% | 7.22 | 7.31 | 7.175 | 7.26 | 392,674 | 23:00:00 |
JOHANNESBURG, June 7, 2019 /PRNewswire/ -- Sasol Limited ("Sasol") announced today that its wholly owned subsidiary Sasol Financing USA LLC (the "Borrower") has entered into new $1,8 billion US dollar-denominated senior unsecured credit facilities, comprised of a $1,65bn term loan facility (the "Term Loan") and a $150m revolving credit facility (the "RCF", and together with the Term Loan, the "Facilities"). The Facilities, which have a tenor of five years, will be used to refinance in full the outstanding Lake Charles Chemical Project asset finance loan.
Bank of America Merrill Lynch, Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation were mandated as Global Coordinators, Bookrunners and Mandated Lead Arrangers for the transaction, which was syndicated to a targeted group of relationship banks.
Along with the Bookrunners, there were two other Mandated Lead Arrangers: BNP Paribas S.A. and Industrial and Commercial Bank of China Limited, London Branch.
Bank of China Limited, Johannesburg Branch, China Construction Bank, Johannesburg Branch, Citibank, N.A., Intesa Sanpaolo S.p.A., New York Branch, J.P. Morgan Securities plc and MUFG joined as Lead Arrangers.
Rothschild & Co and Identity Advisory acted as Independent Financial Advisors to Sasol in respect of the transaction.
View original content:http://www.prnewswire.com/news-releases/sasol-signs-us1-8-billion-senior-credit-facilities-300863826.html
SOURCE Sasol Limited
Copyright 2019 PR Newswire
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