Sasol arranges $2.969 billion refinancing deal with 14 banks

Sasol arranges $2.969 billion refinancing deal with 14 banks

Sasol’s existing banking facilities expire in 2024, but the South African chemical giant has been granted a $1.987 million revolving credit facility and a $982 million loan, both with a five-year term and a one-year extension option, for a total of $2.969 billion.

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            ▪ Sasol arranges $2.969 billion refinancing deal with 14 banks

▪ Sasol’s existing banking facilities expire in 2024, but the South African chemical giant has been granted a $1.987 million revolving credit facility and a $982 million loan, both with a five-year term and a one-year extension option, for a total of $2.969 billion.

https://www.africabusinessplus.com/en/815468/sasol-arranges-2-969-billion-refinancing-deal-with-14-banks/

“This amount will be used to fully refinance the previous revolving credit facility as well as the loan facility, without the involvement of South African banks,” Sasol said.

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