Sunday 21, October 2018 by Kudakwashe

BB Energy raises $245 million revolving credit facility


Credit Suisse, ING Bank as well as Natixis, Standard Chartered Bank and UniCredit Bank arranged the loan before it was syndicated to a larger group of banks.

Lebanon’s BB Energy announced that it has raised a $245 million revolving credit facility to refinance existing credit and for general corporate purposes, reported Reuters.

Last year, the firm traded about 20 million tonnes of crude oil, petroleum products and gas. Founded in Lebanon in 1937, the company also has offices in London, Singapore as well as Dubai, Houston and Athens.

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