Scandoil  

Dana Gas secures US$ 100 million project financing for Zora project


Published Sep 10, 2014
[an error occurred while processing this directive]

Edit page New page Hide edit links

Dr. Patrick Allman-Ward, CEO of Dana Gas

Dana Gas has secured, through its wholly owned subsidiary Dana Gas Explorations FZE, a US$ 100 million Term Facility for the Zora Field Development Project. This facility will contribute the debt component of the financing needed to complete the project and bring the Zora gas field on-stream.

The credit facility, with Emirates Bank NBD Capital Limited as Initial Mandated Lead Arranger, Bookrunner and Coordinator, will be provided by the following syndicated banks in their role as “Mandated Lead Arranger and Joint Bookrunners”, Emirates NBD Bank, Commercial Bank International, Commercial Bank of Dubai and Barwa Bank. Emirates NBD Bank will also act as the Global Facility Agent, Term Facility Agent, Security Agent and Account Bank while Barwa Bank will act as the Murabaha Investment Agent for the Shariah tranche of this loan.

Tags: Dana Gas




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml