VOL. XLI
No. 25
22-June-1998
SAUDI ARABIA
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...
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