IFLR1000

Energean $180 million reserve-based senior loan facility

7/3/2018
Financing, Reserve-based lending (RBL)
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$ 180 million

Completed

7/3/2018

Overview:

  • Energean has taken out a $180 million reserve-based senior loan facility.
  • The European Bank for Reconstruction and Development (EBRD), the Black Sea Trade and Development Bank, the Export-Import Bank of Romania EximBank, Banca Comerciala Intesa Sanpaolo Romania and HSBC have acted as lenders.
  • HSBC has also acted as a security agent.
  • Proceeds will be used for the development of the Prinos, Prinos North and Epsilon operating oil fields.

Katrin Kostadinova - Data analyst 

Jurisdiction:

United Kingdom

Deal types:

Financing
Reserve-based lending (RBL)

Practice area:

Banking

Governing law:

England and Wales

Industry sector:

Oil and gas

Firm:
Watson Farley & Williams

Party: European Bank for Reconstruction and Development (EBRD) (Lender)

Party: Black Sea Trade and Development Bank (Lender)

Party: HSBC (Lender)

Party: Export-Import Bank of Romania EximBank (Lender)

Party: Banca Comerciala Intesa Sanpaolo Romania (Lender)

Lawyer: Joe Levin

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