Seplat Petroleum Development Company Plc, a leading indigenous oil and gas exploration and production company, listed on both the Nigeria Stock Exchange and London Stock Exchange, has closed a new $700 million seven year secured term facility.
The facility which includes an option to upsize the facility by up to an additional $700 million for qualifying acquisition opportunities, was closed with a consortium of banks in Nigeria with FBN Capital acting as Structuring Bank.
The new facility, alongside a new $300 million three year secured revolving credit facility provided concurrently by international banks, refinanced Seplat’s existing debt portfolio to ensure …Read More
Source:: New Mail
