‘Fantastic result’ predicted for Dolphin refi
The refinancing of a $3.45bn facility for Dolphin Energy has already received warm feedback from bank lenders ahead of the deadline for bids on some of the tranches which is due next Monday. Some loans bankers even suggested the transaction for the Abu Dhabi-based gas company could be oversubscribed.
“It should be a fantastic result, and dare I say it, it could even be oversubscribed,” said one banker at an institution that has placed a bid.
Royal Bank of Scotland is co-ordinating the refinancing, which is set to replace a $3.45bn four year loan with a longer term
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