SAMREF In $350Mn Loan
Riyad Bank, Chase Manhattan and Sumitomo have successfully arranged a $350mn reducingrevolving credit facility on behalf the Saudi Aramco-Mobil Yanbu Refinery Company(SAMREF). The funds will be used to refinance an existing $225mn facility signed in June1996 and for general corporate purposes, according to a Chase statement. The margin on thefive-year loan was 35 basis points over LIBOR.
Other participating banks were: Arab National...