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Saudi Oger To Get $1.86B Loan
Construction company Saudi Oger is seeking to secure a $800 million senior secured term loan facility and a $1.06 billion advance payment guarantee facility.
Construction companySaudi Ogeris seeking to secure a $800 million senior secured term loan facility and a $1.06 billion advance payment guarantee facility,Reutersreports. The funding will help fund the company’sKing Abdullah Project 2.
Lead arrangers and book runners for both facilities areDeutsche Bank,China DevelopmentBankandEmirates Bank NBD.Industrial and Commercial Bank of Chinais also lead arranger for the term loan andNatixis Dubaifor the project facilities.
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