Heritage Oil to refi bridge with five year loan
Emerging market-focused oil firm Heritage Oil has begun discussions with a syndicate of banks to refinance a $550m bridge facility agreed in November 2012. Heritage is looking for a $550m five year syndicated loan to replace it.
Standard Bank was mandated lead arranger and bookrunner on the bridge. It was joined by mandated lead arranger China Development Bank and lead arrangers Ecobank Nigeria and First City Monument Bank. These banks are in talks about the refinancing.
“Discussions have progressed well with Standard Bank and other banks
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