SapuraKencana Inks $1.5 Bln Financing Deal

SapuraKencana has completed the signing of a 7-year multi-currency financing facilities of approximately USD 1.5 billion equivalent with a consortium of Malaysian, regional and international banks.

The proceeds raised from this facility should be utilised to partially refinance its wholly-owned subsidiary’s, SapuraKencana TMC existing borrowings.

The refinancing involves raising approximately USD 658 million via a new conventional term loan facility and issuance of approximately RM 3.6 billion of unrated sukuk (Islamic bonds) under the existing 30-year multi-currency sukuk programme of up to RM 7.0 billion in nominal value.

The refinancing exercise is part of the Group’s proactive capital management initiative that should support its global operations.

Maybank Investment Bank acted as the coordinating bank in relation to the refinancing exercise.

Share this article

Follow Subsea World News

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

OFFSHORE WIND CONNECTIONS 2017

The focus of OWC2017 is on the Yorkshire and the Humber region, which is at the epicentre of the offshore wind industry, and where billions…

read more >

International Connectivity and Cables Conference

Meet and network with leading telecom operators and OTTs including du, Etisalat, Omantel, Saudi Telecom Company, Yahoo, Angola Cables…

read more >

NSRI: Condition Monitoring and Predictive Maintenance

The event will establish the sensory and electronic hardware requirements to monitor failure modes of subsea architecture for both oil…

read more >

The 22nd lnternational Offshore Crane and Lifting Conference

The Norwegian Society of Lifting Technology (NSLT) & The Offshore Mechanical Handling Equipment Committee (OMHEC) invite you …

read more >