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Sasol signs credit deal to refinance Lake Charles project loans

by ChemOrbis Editorial Team -
  • 11/06/2019 (09:34)
South African producer Sasol announced in a press release that its wholly-owned subsidiary Sasol Financing USA LLC has entered into a new credit deal to refinance its Lake Charles Chemical Project asset finance loan.

The credit facilities, which have a tenor of five years, included a $1.65 billion term loan and a $150 million revolving credit facility.

The company had previously announced a $1 billion cost overrun on its Lake Charles project in Louisiana, the US.

The project completion was last reported to be at 96% as of the end of March 2019.
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