$570Mn Loan For Qatargas Split Into Two Tranches
The details on the terms and financing of the$570mn loan to the first of Qatar's LNG projects, Qatargas, have also been released. Theloan has been divided into two tranches:
Two commercial bank loans, one of $170mn and a second of $100mn, priced at 165bps over LIBOR (on the basis of a two-train deal), with a maturity of seven years. The pricing will fall to 150bps if and when a third train is completed.