Oman Oil signs $1.85b loan facility

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Oman Oil signs $1.85b loan facility

Oman Oil Co, the sultanate’s state-run oil firm, has completed a $1.85 billion two-part loan deal with a group of mainly international lenders, two sources familiar with the matter said on Thursday, with the cash to be used for general business purposes.

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Published: Fri 5 Sep 2014, 11:15 AM

Last updated: Fri 3 Apr 2015, 9:51 PM

The revolving credit facility was signed a few days ago and is split between a $1 billion three-year tranche and an $850 million piece with a five-year lifespan, the sources said.


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