PETALING JAYA: SapuraKencana Petroleum Bhd’s (SapKen) unit, SapuraKencana TMC Sdn Bhd, has successfully completed the signing of a seven-year multi-currency financing facility of approximately US$1.5bil (RM6.68bil) equivalent with a consortium of Malaysian, regional and international banks.
According to a press release, the proceeds raised from this facility shall be utilised to partially refinance SapKen’s existing borrowings.
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