US EditionBB Energy bags US$375mn credit facility
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BB Energy bags US$375mn credit facility
Energy trading conglomerate BB Energy has closed a US$375mn syndicated revolving credit facility (RCF) with a group of major banks, securing funding from 26 global and regional lenders. The trader will use the proceeds to refinance a maturing facility signed in July 2024, as well as for general corporate purposes. BB Energy opted to scale back the size of the deal after securing commitments of over US$400mn from the bank market, with the oversub…
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