Sasol signs South Africa’s largest loan

Centrica 230x150 Morcambe Bay Offshore
By Bianca Boorer
23 Nov 2017

Energy and chemical company Sasol has signed South Africa’s biggest loan deal of the year so far — a $3.9bn revolving credit facility with 17 banks.

The loan has increased the company’s existing $1.5bn RCF, which was signed on January 5, 2015, and extended its five year maturity with two one year extension options.

The facility, which signed on Thursday, was launched earlier this month at $3bn but was increased due to oversubscription. The ...

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