SASOL SECURES CIRCA USD3 BILLION FIVE-YEAR TERM LOAN AND REVOLVING CREDIT FACILITY AGREEMENT
JOHANNESBURG, April 18, 2023 /PRNewswire/ -- Sasol has refinanced its existing banking facilities, due to mature in calendar year 2024, into a new banking facility totaling USD2 969 million.
- JOHANNESBURG, April 18, 2023 /PRNewswire/ -- Sasol has refinanced its existing banking facilities, due to mature in calendar year 2024, into a new banking facility totaling USD2 969 million.
- The new banking facility comprises of a USD1 987 million revolving credit facility and a USD982 million term loan facility, both with a five-year maturity, and with two extension options of one year each.
- This transaction was launched with a targeted facility size of USD2 500 million, which was subsequently increased to USD2 969 million on the basis of notable oversubscription.
- The Joint Global Coordinators each pre-committed to the transaction, and invited banks to commit on one of five ticket levels, with the following titles: