Petronas Gas secures RM2.2bil term loan from Mizuho Bank

PETALING JAYA: Petronas Gas Bhd has secured US$500mil (RM2.2bil) term loan from Mizuho Bank Ltd which would be used to finance the group’s and/or its subsidiaries’ general corporate funding purposes including, but not limited to, capital expenditure.

Petronas Gas told the stock exchange yesterday that it had signed a facility agreement with Mizuho Bank Ltd, which was the mandated lead arranger and the lenders Mizuho Bank Ltd Labuan branch and Mizuho Bank (Malaysia) Bhd.