Segas finalises financing
A group of 22 mandated lead arrangers was due to sign the $1,000 million Damietta liquefied natural gas refinancing deal on 27 July. It will replace the original five-year corporate debt facility taken out by Spanish Egyptian Gas Company (Segas) in 2004 with project debt. The deal has a tenor of 15 years. Segas is a consortium of Spain's Union Fenosa, which is also the principal offtaker, Italy's Eni and Egyptian Natural Gas Holding Company (MEED 25:5:07).
A group of 22 mandated lead arrangers was due to sign the $1,000 million Damietta liquefied natural gas refinancing deal on 27 July. It will replace the original five-year corporate debt facility taken out by Spanish Egyptian Gas Company (Segas) in 2004 with project debt. The deal has a tenor of 15 years. Segas is a consortium of Spain's Union Fenosa, which is also the principal offtaker, Italy's Eni and Egyptian Natural Gas Holding Company (MEED 25:5:07).
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