JOHANNESBURG, June 7, 2019 /PRNewswire/ -- Sasol Limited
("Sasol") announced today that its wholly owned subsidiary Sasol
Financing USA LLC (the "Borrower")
has entered into new $1,8 billion US
dollar-denominated senior unsecured credit facilities, comprised of
a $1,65bn term loan facility (the
"Term Loan") and a $150m revolving
credit facility (the "RCF", and together with the Term Loan, the
"Facilities"). The Facilities, which have a tenor of five years,
will be used to refinance in full the outstanding Lake Charles
Chemical Project asset finance loan.
Bank of America Merrill Lynch, Mizuho
Bank, Ltd. and Sumitomo Mitsui Banking Corporation were
mandated as Global Coordinators, Bookrunners and Mandated Lead
Arrangers for the transaction, which was syndicated to a targeted
group of relationship banks.
Along with the Bookrunners, there were two other Mandated Lead
Arrangers: BNP Paribas S.A. and Industrial and Commercial Bank of
China Limited, London Branch.
Bank of China Limited, Johannesburg Branch, China Construction Bank,
Johannesburg Branch, Citibank,
N.A., Intesa Sanpaolo S.p.A., New
York Branch, J.P. Morgan Securities plc and MUFG joined as
Lead Arrangers.
Rothschild & Co and Identity Advisory acted as Independent
Financial Advisors to Sasol in respect of the transaction.
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SOURCE Sasol Limited