Kuala Lumpur, 22 February 2017
SapuraKencana Petroleum Berhad (“SKPB”) through its wholly-owned subsidiary, SapuraKencana TMC Sdn Bhd (“SKTMC”), has successfully completed the signing of a 7-year multi-currency financing facilities of approximately USD1.5 billion equivalent with a consortium of Malaysian, regional and international banks. The proceeds raised from this facility shall be utilised to partially refinance SKTMC’s existing borrowings.
The refinancing involves raising approximately USD658.0 million via a new Conventional Term Loan facility and issuance of approximately RM3.6 billion of unrated Sukuk under the existing 30-year Multi-Currency Sukuk Programme of up to RM7.0 billion in nominal value. The refinancing exercise is part of the Group’s proactive capital management initiative that will support its global operations.
YBhg. Tan Sri Dato’ Seri Shahril Shamsuddin, President and Group Chief Executive Officer said, “We would like to express our gratitude for the trust, strong commitment and continued support extended by all participating financial institutions to us on this important initiative to achieve greater milestones moving forward.”
Maybank Investment Bank Berhad is the Coordinating Bank in relation to the refinancing exercise.