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EnQuest signs $900m financing for future acquisitions

UK oil and gas firm EnQuest has signed a new multicurrency credit facility of up to $900m, with $525m committed and a further $375m made available to the borrower, to be used primarily for acquisitions. The revolver has a maturity of five years.

  • 27 Mar 2012

Seven banks committed to the line, which replaces a $280m revolver that matured in the first quarter of the year. That outstanding loan was provided by BNP Paribas and Lloyds Banking Group.

In 2011, EnQuest purchased 45% of the Kraken field in the UK North Sea. It paid ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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1 Citi 70,341.11 234 10.46%
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5 Credit Suisse 47,533.25 150 7.07%