- FBN Capital Limited announced it has facilitated the closing of a Syndicated Medium Term Facility of about $445 million with Accugas Limited.
- Accugas, a wholly owned subsidiary of Seven Energy International Limited is the gas processing, marketing and distribution arm of the Seven Energy Group.
According to a statement from FBN Capital, “the signed Syndicated Medium Term Facility of up to $445 million is being utilised towards the refinancing of Accugas’ existing debt portfolio, its working capital requirements and also to fund medium term capital expenditure.
- The facility, which was structured to optimise the borrower’s capital structure, was closed with a consortium of local and international banks, with FBN Capital acting as the Structuring Bank, Modelling Bank, Initial Technical Bank and Global Facility Coordinator.”
Source: Daily Trust